Byron Allen Earns Profit After Selling All Starz Stock Acquired From Steven Mnuchin

Investor and media entrepreneur Byron Allen has sold his entire stake in Starz, according to financial disclosures released in Thursday SEC filings. Allen's investment arm, Allen Family Capital, had acquired the shares earlier in the year in a private transaction.

According to the reported documentation, Allen sold all 1.8 million shares during August and September 2026. The stock sales totaled $44.9 million, generating a profit of nearly $20 million over the initial purchase price.

Transaction Background and Financial Details

• Initial Stake: In March, Allen Family Capital purchased a 10.7% stake in Starz for $25 million from Liberty 77 Capital, an investment firm belonging to former Treasury Secretary Steve Mnuchin.
• Sale Proceeds: The August and September 2026 sales yielded $44.9 million in total returns.
• Starz Earnings: Starz released its third-quarter 2026 financial results on Thursday, reporting a narrowed net loss of $34.8 million compared to $52.6 million the previous year, with flat overall revenue at $322.4 million and streaming revenue rising 1.7% to $226.6 million.

Broader Media Holdings and Activities

Byron Allen serves as the chairman and CEO of Allen Media Group, which operates multiple television stations and networks, including The Weather Channel. Earlier in the year, Allen also secured a controlling stake in BuzzFeed and recently leased a nightly comedy block on CBS for programming like "Comics Unleashed With Byron Allen" and "Funny You Should Ask."

Observers can verify financial disclosures and transaction details by reviewing official filings through the U.S. Securities and Exchange Commission (SEC) database.