Black media mogul Byron Allen has invested a 10.7% stake in Starz, according to Deadline. Allen’s Media Group includes 28 stations affiliated with ABC, NBC, CBS, and Fox, operating in 21 US markets. In 2025, Byron Allen announced that it was selling local television stations owned by his Allen Media Group (AMG), and Moelis & Co. is managing the deal. Allen said in a statement that it needed to pay its debt. “We have received numerous inquiries and written offers for most of our television stations, and now is the time to explore getting
Target Hospitality, a company that holds families detained by ICE, is pivoting to build an AI data center. As the rise in AI data centres continues, companies are using temporary villages, or “man camps,” to house workers. “Man-camps” are temporary housing communities created for oil and gas workers in remote locations, but they are now being repurposed as AI data centers. For example, a Bitcoin mining facility in rural Dickens County, Texas, has been converted into a 1.6 gigawatt data center, according to Bloomberg. Workers have access to a gym,
Uncle Nearest Property Listed for Sale Before Judge Decides on Receivership Expansion or Termination
Uncle Nearest is awaiting a decision on whether the company’s receivership should remain in place or be expanded to include Uncle Nearest and the current defendants, according to the Moore County Observer. Nearest Green Distillery and the flagship Uncle Nearest whiskey brand have been under a receiver’s management since September, after lender Farm Credit Mid-America claimed the Weavers defaulted on more than $108 million in loans. Uncle Nearest’s property listed for sale Receiver Phillip G. Young Jr listed the business’s Martha’s Vineyard property for sale. Farm Credit Mid-America alleges that Uncle Nearest
Pat McGrath Labs is being marketed to prospective buyers through bankruptcy proceedings, only days after GDA Luma said it had secured a controlling stake, The Business of Beauty reports. A bankruptcy judge chose Gordian Group as Pat McGrath Labs’ investment bank, which is seeking an “investment and acquisition opportunity” for the brand, as stated in a presentation viewed by BoF. Pat Mcgrath looking for a new investment During the presentation, prospective buyers were told that any transaction must repay debtor-in-possession claims totalling over $60 million, with an additional estimated $70 to
Kevin Hart’s Gran Coramino tequila has generated about $200 million in cumulative retail sales since 2022, executives said on Yahoo Finance’s “Opening Bid.” Reporting from Yahoo Finance cites co-founder and liquor executive James Morrissey saying the brand produced $85 million in 2025 retail sales, sold 3.6 million bottles, and delivered nearly $2 million in weekly consumer-level sales in stores. Yahoo Finance also reported that Gran Coramino sold nearly 300,000 nine-liter cases in roughly three years, with about half of those cases attributed to 2025. The numbers matter because U.S. spirits
Sequoia Capital’s chief operating officer, Sumaiya Balbale, stepped down from her role after partner Shaun Maguire made comments she considered Islamophobic, the Financial Times reports. In July, Maguire posted comments on X about New York mayoral candidate Zohran Mamdani, stating he “comes from a culture that lies about everything. It’s literally a virtue to lie if it advances his Islamist agenda.” Maguire later said that his critique was targeted only at Islamism (the political ideology) rather than the whole Muslim population. Sumaiya Balbale leaves Sequoia Capital Balbale, who is a
Afua Kyei, Chief Financial Officer at the Bank of England, has been named as the most influential Black person in the UK. The annual list, conducted by Powerlist, highlights the most powerful people of African, African-Caribbean, and African-American heritage. As CFO, Kyei leads financial governance of the £1 trillion balance sheet, funding reforms, and upgrades to critical national infrastructure payments, while championing diversity and climate disclosure. “It is an incredible honour to be named Number One on the Powerlist in its 20th year,” she said in a press release. “For
Target announced it will cut 1,800 corporate jobs after trying to grow following four years of roughly stagnant sales and boycotts amid DEI backlash. In a memo sent to staff, Target’s incoming CEO, Michael Fiddelke, said the eliminated roles include about 1,000 employee layoffs and about 800 positions that will no longer be filled. “This spring, we launched our enterprise acceleration efforts with a clear ambition: to move faster and simplify how we work to drive Target’s next chapter of growth,” Fiddekele said in a company memo, shared by CNBC. “The
Cactus Jack Foundation, a non-profit founded by rapper Travis Scott, has launched a new initative for students with Space Center Houston. As reported by Complex, the program will allow Houston Independent School District students to engage in a science, technology, engineering, and mathematics (STEM)-enriched curriculum. Cactus Jack Foundation’s new initative The program will teach students the necessary skills to pursue careers in engineering, design, and exploration. Students will analyze real-world challenges such as water scarcity, space habitation, and power generation and discuss solutions through virtual and in-person workshops at Cact.Us Design
Social media star Tareasa “Reesa Teesa” Johsnon, who went viral after posting her Who TF Did I Marry? series on TikTok, has signed a book deal. Storehouse Voices, an imprint within the Crown Publishing Group, acquired the book, which is titled What (TF) Do I Do Now? Not Just a Memoir, It’s a Survival Guide. Johnson is represented by CAA, which negotiated the deal. Johnson’s rise to fame came after posting a video revealing shocking revelations about her ex-husband, Legion, who is dubbed for his deceitful nature. The series unfolds
