Byron Allen criticized for delays in payments in the midst of media acquisitions
Byron Allen, a media industry figure and head of Entertainment Studios and Allen Media Group, has come under scrutiny for late payments to major network broadcasters like ABC, CBS and NBC. According to sources familiar with the matter, payments are up to 90 days late, causing frustration among network executives and potentially jeopardizing future partnerships. Allen Media Group, which owns a diverse portfolio of radio and television stations across the United States, including affiliates of the above networks, has seen its payment arrears grow over time. The total amount arrears, accumulated over the year, reaches tens of millions, highlighting significant…
