Byron Allen loses $100M fraud lawsuit against McDonald’s over ad spending
McDonald’s has lost a $100 million lawsuit by Byron Allen, who accused the fast-food giant of lying when it promised to increase national advertising spending on Black-owned restaurants. A Los Angeles Superior Court judge on Sunday dismissed a lawsuit brought by media executive Allen Media. Allen’s case hinged on the specific interpretation of claims McDonald’s […]
Byron Allen offers to buy Paramount Global for $14B
Laura Martin, senior media and internet analyst at Needham & Company, discusses Netflix’s wild trading range ahead of earnings on Making Money. Inner mogul Byron Allen The company is making another bid to buy Paramount Global after its bid last year failed to gain traction. Allen Media Group has offered $14.3 billion to acquire Paramount […]
Paramount board mulls sale as Byron Allen submits $14B bid
Paramount has taken the first steps toward a potential sale of the entertainment giant, despite media mogul Byron Allen’s proposed $14 billion takeover bid, the Post reported. The company’s board has established an independent committee outside of Shari Redstone, the media heiress who owns a controlling interest in Paramount, to consider strategic alternatives, including a […]