TV mogul buying $120 million stake in digital media company, becoming its new CEO

4 days ago 5
Byron Allen arrives at the Baby2Baby Gala on Saturday, Nov. 11, 2023, at the Pacific Design Center in West Hollywood, Calif. (Photo by Richard Shotwell/Invision/AP)

TV and media entrepreneur Byron Allen is taking a majority stake in BuzzFeed -- investing $120 million in the digital media company -- and will become CEO.

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