Byron Allen on How He Plans to Use BuzzFeed to Create a ‘Premier Global Free Streaming Service,’ What It Means to Be Taking Over Colbert’s CBS Time Slot and Why He Wants to Buy Starz
- What Happened
Byron Allen is set to take control of BuzzFeed, acquiring the company for $120 million, while also preparing to launch his show 'Comics Unleashed' in the time slot vacated by 'The Late Show With Stephen Colbert' on CBS. This move marks a significant shift in late-night television and digital media, as Allen aims to create a premier global free streaming service.
- Why It Matters
This acquisition elevates Allen's profile in the entertainment industry, positioning him as a key player in both late-night programming and digital media, especially as BuzzFeed faces financial challenges.
- The Bigger Picture
The transition from Colbert to Allen's show has sparked discussions about CBS's financial strategies and priorities, with notable figures like David Letterman expressing concerns over the network's decision-making. This change reflects broader trends in the media landscape, where cost-cutting measures are increasingly influencing programming choices.
