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(Bloomberg) Byron Allen has submitted a $10 billion offer to Walt Disney Co. to acquire its ABC TV network, local stations, as well as the FX and National Geographic cable channels, according to a person familiar with his proposal.Most Read from BloombergCaesars Entertainment Paid Millions to Hackers in AttackVideo-Game Company Unity Closes Offices Following Death ThreatWhen the Homeowners Association Comes for Your HomeDisney Holds Initial Talks on Sale of ABC to Local Broadcaster NexstarChi
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Byron Allen Goes to Court Again for Black-Owned Media
Bloomberg 9 hrs ago Christopher Palmeri and Kamaron Leach
(Bloomberg) Byron Allen, the onetime stand-up comic turned all-around media mogul, is a man on a mission.
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Allen sued McDonald’s Corp. for $10 billion on Thursday, alleging the fast-food giant is discriminating against Black-owned media companies like his.
The suit is part of a bigger push by the 60-year-old entrepreneur to correct what he says has been decades of bias against Black-owned businesses. Allen says he’ll publicly shame, organize boycotts against and sue companies that don’t commit to supporting African-American-owned media outlets. Executives who stand in his way will see their careers end, he promises, left behind by the march of racial progress.
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