Byron Allen's Media Company to Undergo Layoffs
Byron Allen’s Media Company to Undergo Layoffs
Byron Allen’s media company is set to undergo a notable round of layoffs, the company disclosed on Thursday.
“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 rep for Allen Media told The Hollywood Reporter. No detail was disclosed on the size of the workforce reduction.
Allen Media Group properties include the linear TV network The Weather Channel as well as the network and website TheGrio, local TV stations and branded properties like Cars.TV and Pets.TV.
“Allen Media Group’s brands continue to perform well and in many areas our revenue growth has greatly outpaced the market,” the rep said. “We are aligning these changes to drive future business opportunities and support growth strategies in our rapidly evolving industry.”
More to come.
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