Allen Media Group, the company owned by TV mogul Byron Allen, is set to undergo a significant round of layoffs that will affect all divisions of the business. 'Allen Media Group is making strategic changes to better position the company for growth that will result in expense and workforce reductions across all divisions of the company,' a spokesperson said Thursday in a statement to The Times.
' The company did not say how many jobs would be cut. Allen Media Group is the parent company of the Weather Channel and a number of local TV stations. The stand-up comedian and TV producer has been making lots of headlines lately amid reports that he was among the entertainment executives looking to acquire Paramount Global. Earlier this year, Allen made a $14.
Source: News Formal (newsformal.com)
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