Telecom
BET Network Attracts Interest from Tyler Perry, Byron Allen
- Producer Tyler Perry has had discussions about investing
- Entertainment Studios founder Byron Allen is also interested.
Photographer: JC Olivera/Getty Images
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Paramount Global is considering selling a majority stake in its BET Media Group, the unit that runs the cable TV channels Black Entertainment Television and VH1, along with a number of related businesses, according to people familiar with the matter.
The deliberations are preliminary and may not result in any sale, said the people, who asked not to be identified because the discussions are private. Paramount could maintain commercial relationships with a new owner, such as negotiating distribution fees with cable-TV operators, while opening the business up to other investors, including people of color.