Byron Allen draws ABC, CBS and NBC ire with late payments

Byron Allen draws ABC, CBS and NBC ire with late payments

Byron Allen, founder, chairman, and CEO of Entertainment Studios and Allen Media Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022.  Patrick T. Fallon | Afp | Getty Images Broadcast stations owned by Byron Allen — the media mogul who has expressed public interest in buying various media … Read more

Jim Cramer recommends three media stocks in the run-up to the election

Jim Cramer recommends three media stocks in the run-up to the election

CNBC’s Jim Cramer on Wednesday pointed to three media stocks poised to do well in what now promises to be a tight presidential race: Fox, The New York Times and Nexstar. “As much as I really do loathe talking politics on the show, I think the suddenly close election gives you an opportunity to try … Read more

Media, telecom companies face rough 2024

Media, telecom companies face rough 2024

The Grinch Source: Universal Studios  It’s human nature for a new year to bring optimism and hope. For executives, investors and employees in the entertainment and telecommunications industries, 2024 is set to disappoint. Maybe that’s too grinchy. Some things will get better. The actors’ and writers’ strikes are over. The 2024 U.S. presidential election should … Read more