Four years ago, comedian and media mogul Byron Allen became the first Black American to own a 24-hour mainstream cable news network when he purchased The Weather Channel for $310 million – in cash. Now, Allen is preparing a bid to buy the Denver Broncos, which – if successful – would make him the NFL’s first Black majority owner. Correspondent Lee Cowan talks with Allen about his entrepreneurial spirit, and his success at increasing minority ownership in broadcasting.
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It was a grey, cloudy day when “Sunday Morning’ correspondent Lee Cowan visited the Weather Channel in Atlanta, but inside, the network’s new owner, Byron Allen, was beaming as bright as the sun. “I bounce outta bed, Let’s go! Let’s go, let’s play this game!” he said. “Because it’s nothing […]
