Re: [TV orNotTV] Oh Sweet Jesus - Allen Bids for Paramount Global

[PGage]

William Cohan of Puck News has made the perhaps obvious but devastating
case against the Byron Allen offer for PG being serious, for multiple
reasons, amounting to Allen does. To have the money himself to make it
happen, and is suspiciously cryptic about who would be insane enough to
lend him that much money to buy a troubled and debt ridden company when he
himself is floating in debt already, and his creditors estimate a 50%
probability he will default on that.

Some think Allen is banking on liberal regulators at the FCC wanting to
promote Black ownership in Big Media; Cohan does not speculate, but I doubt
even Allen is silly enough to be making that bet. More likely he is using
the splashy offer to generate buzz for himself, and perhaps enough marginal
increase in credibility to pull off some other deal that might allow him at
save his company.

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On Tue, 30 Jan 2024 at 9:51 PM M-D November  wrote:

> Media Poochie strikes again. $30 Billion.
>
>
> https://variety.com/2024/biz/news/byron-allen-paramount-global-allen-media-group-1235892590/
> ?
>
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[TV orNotTV] Oh Sweet Jesus - Allen Bids for Paramount Global

[M-D November]

Media Poochie strikes again. $30 Billion. 

https://variety.com/2024/biz/news/byron-allen-paramount-global-allen-media-group-1235892590/?

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