Screentime
Paramount in Talks to Sell BET Network to Management Group
- Media mogul Byron Allen also renews his pursuit of network
- Previous talks on sale fell apart after offers came up short
Paramount Global is in talks to sell its Black Entertainment Television network to a management-led investor group, according to people with knowledge of the discussions.
The potential buyers include BET Chief Executive Officer Scott Mills and Chinh Chu, a former Blackstone Inc. executive who runs New York-based CC Capital Partners, said the people who asked not to be identified because the negotiations are private. A price of a little under $2 billion has been discussed, the people said.