What Byron Allen Has Planned for Buzzfeed, Late-Night Show

Byron Allen discusses his acquisition of a majority stake in BuzzFeed and his plan to turn it into a free-streaming super app competing with YouTube. He also talks about taking over the late-night time slot previously held by Stephen Colbert. Allen explains his strategy of leveraging his Local Now technology and content library to revive the BuzzFeed brand. - Byron Allen acquired a majority stake in BuzzFeed for about $3 per share. - He plans to transform BuzzFeed into a free streaming platform competing with YouTube. - Allen will integrate his existing Local Now technology and content library into BuzzFeed. - He highlights cross-promotion opportunities via his television shows and affiliates. - Allen also discusses taking over the CBS late-night time slot with his own shows. - He emphasizes his long-term vision of building a large media company through acquisitions.