by Derek Main
December 26, 2023
AMG has expanded its Board of Administrators from three to 9 members because it renewed its bid to purchase BET and VH1
Byron Allen’s Allen Media Group (AMG) has expanded its Board of Administrators from three to 9 members, efficient instantly.
Selection reported that the board of Allen Media has included founder, chairman, and CEO Byron Allen; Allen’s mom and movie producer, Carolyn Of us; and chief working officer Terence Hill.
Now, the board will embody Janice Arouh (president, community distribution); Mark DeVitre (EVP, basic counsel); Eric Gould (EVP of finance and chief funding officer); Sydnie Karras (VP, chief accounting officer); Chris Malone (CFO); and Andy Temple (COO, broadcast gross sales and syndication).
All six are members of AMG’s administration group. The announcement of the brand new board members comes on the heels of Allen’s new $3.5 billion bid to purchase Paramount International’s BET Media Group — which, if consummated, would considerably increase Allen’s media holdings.
“For the previous 30 years, I’ve been working with a small board of three administrators, however now that Allen Media Group is far greater as we’ve develop into extremely acquisitive, I’m excited to announce the addition of those six new board members,” Allen mentioned in an announcement.
“I’m extraordinarily happy with this board as a result of it’s numerous, and the individuals who make it up are merely one of the best as a result of they know our enterprise and the media house innately, which permits us to maneuver rapidly and effectively on this quickly altering panorama.”
In September, Allen additionally made a $10 billion provide to purchase ABC Community from Disney.
AMG owns and operates 27 broadcast TV stations in 21 U.S. markets and 12 cable networks serving practically 300 million prospects, together with The Climate Channel, Pets.television, Comedy.television, Recipe.television, Automobiles.television, ES.television, MyDestination.television, JusticeCentral.television, HBCU Go and The Grio Tv Community/web site.
Along with proudly owning AMG, Allen is a steadfast supporter of Black causes and has additionally known as out auto producers and sued McDonald’s for not promoting with Black-owned media.
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