'Byron Allen is interested in buying BET, and he will be pursuing the acquisition of the network,' a rep for the mogul says.
Another potential suitor is Byron Allen, who controls a number of local TV stations as well as The Weather Channel and other assets via his Entertainment Studios firm. “Byron Allen is interested in buying BET, and he will be pursuing the acquisition of the network,” a rep for the mogul says.
The sources added that if a deal closes, Paramount expects to maintain a minority stake in the business, as well as a commercial relationship. Scott Mills serves as BET’s CEO. BET is also unusual within Paramount’s portfolio in that some of its divisions have minority investors of their own. BET+, for example, counts Perry as an investor, while BET Studios
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