Late-night isn't the only takeover Byron Allen's got on the books. In addition to inheriting Stephen Colbert's timeslot on May 22, the media mogul has recently acquired a "majority stake" in BuzzFeed and will become its next Chairman and CEO.

Media mogul Byron Allen is set to become the new CEO of Buzzfeed, the company announced on Monday after a massive investment deal.

CBS will end "The Late Show with Stephen Colbert" in May 2026 and replace it with "Comics Unleashed." The decision has drawn criticism tied to the network’s planned Paramount-Skydance merger. Byron Allen said the new lineup will expand opportunities for ...

Warm handover: Colbert sent Byron Allen a congratulatory note after learning Allen’s show would take over his CBS time slot. End of an era: CBS will retire The Late Show on May 21, citing financial challenges despite Colbert’s strong performance.

Meanwhile, Allen has paid CBS to run two episodes of “Comics Unleashed” — usually a new episode paired with a library half-hour — at 12:37 a.m. ET in recent years. First, he took the slot during a 2023-to-2024 gap after “The Late Late Show With ...

Byron Allen is buying BuzzFeed — investing $120 million in the digital media company — and will become CEO. BuzzFeed founder and CEO Jonah Peretti will be succeeded by Byron Allen, while Peretti transitions to a newly created role as president of BuzzFeed AI.… pic.twitter.com/jvglmvpeXn