Diddy Eyes BET Acquisition to Build Black-Owned Media Empire
TL;DR Summary
Sean "Diddy" Combs has expressed interest in joining other moguls, including Tyler Perry and Byron Allen, in a stake sale of BET Networks, which is being shopped by parent company Paramount Global. Combs believes it's time for BET to be Black-owned again so that Black audiences can control their own narrative. BET was founded by Robert Johnson in 1980 and was acquired by Viacom in 2001. The valuation of BET Media Group is still being discussed, but its revenue last year was about $1.5 billion.
Topics:entertainment#bet-networks#business#byron-allen#paramount-global#sean-diddy-combs#tyler-perry
- Sean “Diddy” Combs Says “It's Time For BET To Be Black-Owned Again” As Paramount Explores Stake Sale Deadline
- Diddy Unveils Plan to Buy BET, Looking to Build On Revolt TV Empire TMZ
- 'It's time for BET to be Black-owned again': Diddy expresses interest in purchasing BET Daily Mail
- Paramount CFO on BET sale reports: 'Always looking' to unlock value for shareholders Yahoo Finance
- Diddy Wants to Buy BET & Build a “Black-Owned Global Media Powerhouse” Okayplayer
- View Full Coverage on Google News
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