Byron Allen’s Media Masterstroke

Byron Allen’s Media Masterstroke

Author: The Daily News Now! June 8, 2026 Duration: 2:16
Venice Beach News Today | 2 Min News | The Daily News Now!
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CBS stunned the late-night world by handing over Stephen Colbert’s slot to Byron Allen’s “Comics Unleashed” — a bold, low-cost gamble that’s already saving the network $55 million a year. Allen, the savvy media mogul behind a $3 billion empire, saw the move as pure business brilliance: pay $15 million for airtime, keep most ad revenue, and avoid CBS’s production headaches. While critics called it a ratings flop — it drew just over a million viewers — Allen’s numbers tell a different story: better than last year’s same slot, zero cost to CBS, and a blueprint for his empire. From stand-up comics to acquiring BuzzFeed and Starz, Allen’s strategy is simple: own the content, own the money, and never back down — even if the world doesn’t get it.

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