Byron Allen is taking a majority stake in BuzzFeed -- investing $120 million in the digital media company -- and will become CEO.

Founder Jonah Peretti will transition to work on the firm's AI efforts as the former new media darling sputters as a publicly traded company.

The deal, previously announced on May 11, gives Allen ownership of both BuzzFeed and the Huffington Post, which BuzzFeed ...

Byron Allen talks about his $120 million BuzzFeed deal, what he plans to do with it, why he wants to buy Starz, and taking ...

Late-night TV isn't the only takeover Byron Allen's got on the books. In addition to inheriting Stephen Colbert's timeslot on May 22, the media mogul has recently acquired a "majority stake" ...

Media entrepreneur and stand-up comedian Byron Allen now is the majority owner of BuzzFeed — the struggling digital media player that Allen plans to use to launch a free-streaming platform that he ...

On May 11, media entrepreneur Byron Allen announced a deal to buy a majority stake in BuzzFeed—the millennial-favorite news site that closed its Pulitzer Prize-winning news division in 2023. Allen is ...

The move with BuzzFeed is one of many major transitions for Allen this year, as his ‘Comics Unleashed’ series will ...

BuzzFeed aims to become a competitor of YouTube as it prepares to sell a majority stake to media mogul Byron Allen. Allen's vision for the struggling digital media company is to expand into free ...

In May, Allen Media Group announced it would acquire BuzzFeed for $120 million, and Allen would become CEO. Allen succeeds Jonah Peretti, who will step into the role of president ...

This is read by an automated voice. Please report any issues or inconsistencies here. Digital entertainment company BuzzFeed Inc. is selling its majority stake to Los Angeles entertainment mogul Byron ...