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Allen’s lofty $14.3 billion overture for Paramount Global—and his mysterious financial backing—isn’t being taken seriously in Hollywood. But he may have sway in Washington, where the F.C.C. could make life difficult for Byron’s rivals.
Byron Allen called me up yesterday, which shouldn’t be surprising to people who know Byron Allen. The dude seems to be calling everyone in the media this week; he loves spinning—sorry, chatting—especially about himself. He loves it almost as much as he loves making public offers to buy media companies.
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