Paramount Media Group Surges as Byron Allen Offers
Byron Allen offers to buy Paramount Global for $30 billion, causing stock to soar 26%. Company owns CBS, Comedy Central, Nickelodeon.
Byron Allen News & Breaking Stories
Dr. Death airs on NBC
NBC airs new show "Dr. Death" after six months of strikes by actors and writers. Now streaming on Peacock.
Disney talks on ABC sale heat up as Byron Allen makes offer
Disney has received an offer of $10bn from media mogul Byron Allen for its ABC TV network, local stations, and cable channels, as the company seeks to focus on streaming. Allen's offer is preliminary and could change, but is based on the assumption that the assets generated $1.25bn in earnings over the past year. Disney has also held talks with Nexstar Media Group about ABC and its eight local TV stations. No decision has been made about a sale, but the negotiations could help establish the value of television assets.
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