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Monday, October 14, 2024

New Round Of Lay-offs Reported At Allen Media


There’s more layoffs at Byron Allen’s Allen Media Group.

Deadline reports that the company, which owns a raft of network affiliate broadcast stations and The Weather Channel, has cut more employees.

Gone are:  key members of its weather, news and sports teams, impacting The Weather Channel, its AVOD service HBCU Go as well as its Entertainment Studios and ad sales divisions.

Byron Allen
A spokesman for Allen Media Group said, “This is a continuation of the reduction in workforce Allen Media Group announced back in May.”

However, sources have told Deadline that this is a new round and that employees have just been informed, impacting morale among certain units. It’s not clear how many people have been affected.

Privately operated Allen Media Group owns 36 ABC/NBC/CBS/Fox network affiliate broadcast television stations in 21 U.S. markets; digital network TheGrio; and a motion picture division that includes a distribution arm.

Allen himself made noise earlier this year, claiming that he was interested in acquiring Paramount Global for $30 billion, having previously bid for the Paramount-owned BET and its related assets.

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