During the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022, Byron Allen, the founder, chairman, and CEO of Entertainment Studios and Allen Media Group, shared his insights.
Reportedly, broadcast stations under Byron Allen’s ownership have faced challenges in meeting payment deadlines to network owners, causing frustration among media partners and potential deal collaborators.
Sources reveal that Allen Media Group’s stations have been up to 90 days late in payments to major networks like ABC, CBS, and NBC, amounting to millions of dollars annually. The delays have worsened over time, straining relationships and credibility.
Allen Media Group operates broadcast stations across various regions, contributing to the media landscape.
2024-08-18 15:10:43
Original from www.cnbc.com