Byron Allen's Media Company May Hold Talks With Starz About Potential Transactions

Dow Jones

Mar 14

By Josh Beckerman

Allen Media Group, the company owned and operated by businessman Byron Allen, filed a Form 13D required for activist investors in connection with a recently purchased stake in Starz Entertainment.

The media mogul said in the filing that he may engage in discussions with the company to encourage it to consider transactions such as a merger, reorganization or take-private transaction.

Last week, Allen reported the purchase of about 10.7% of Starz, buying 1.8 million shares from former Treasury Secretary Steve Mnuchin's Liberty 77 Capital for $25 million.

Starz said Tuesday that it adopted a limited-duration shareholder rights plan that it said "reduces the likelihood that any person or group could gain control of the Company's shares without appropriately compensating shareholders for that control." The rights will generally become exercisable only if a person or group acquires a 17.5% stake or higher.

Starz separated from Lionsgate last year.

Allen Media Group's portfolio includes the Weather Channel, HBCU GO and various local TV stations.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

March 13, 2026 15:28 ET (19:28 GMT)

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