AMG has expanded its Board of Directors from three to nine members as it renewed its bid to buy BET and VH1
Byron Allen’s Allen Media Group (AMG) has expanded its Board of Directors from three to nine members, effective immediately.
Variety reported that the board of Allen Media has included founder, chairman, and CEO Byron Allen; Allen’s mother and film producer, Carolyn Folks; and chief operating officer Terence Hill.
Now, the board will include Janice Arouh (president, network distribution); Mark DeVitre (EVP, general counsel); Eric Gould (EVP of finance and chief investment officer); Sydnie Karras (VP, chief accounting officer); Chris Malone (CFO); and Andy Temple (COO, broadcast sales and syndication).
All six are members of AMG’s management team. The announcement of the new board members comes on the heels of Allen’s new $3.5 billion bid to buy Paramount Global’s BET Media Group — which, if consummated, would significantly expand Allen’s media holdings.
“I am extremely proud of this board because it is diverse, and the people who make it up are simply the best because they know our business and the media space innately, which allows us to move quickly and efficiently in this rapidly changing landscape.”
In addition to owning AMG, Allen is a steadfast supporter of Black causes and has also called out auto manufacturers and sued McDonald’s for not advertising with Black-owned media.
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Source: Black Enterprise