# Byron Allen Profits $44.9 Million After Selling All Starz Shares

> Byron Allen sold his 1.8 million Starz shares for $44.9 million, netting nearly $20 million profit after buying them from Steven Mnuchin earlier this year.

- Publisher: Briefzora (https://briefzora.com)
- URL: https://briefzora.com/byron-allen-profits-449-million-after-selling-all-starz-shares
- Published: 2026-10-30T02:31:15+05:00
- Author: Briefzora Desk (https://briefzora.com/author/briefzora-desk)
- Section: Technology
- Topics: Starz, Byron Allen
- Image: https://briefzora.com/uploads/2026/10/byron-allen-earns-profit-after-selling-all-the-starz-stock-he-bought-f-hrrk4m.webp

## Key points

- Byron Allen sold 1.8 million Starz shares for $44.9 million on Thursday.
- The sale generated almost $20 million more than the $25 million purchase price.
- Allen Family Capital bought a 10.7% stake in Starz from Steven Mnuchin's Liberty 77 Capital in March.
- Starz's Q3 2026 net loss narrowed to $34.8 million, with revenue flat at $322.4 million.
- Allen is chairman and CEO of Allen Media Group, which runs 13 TV stations and 10 networks.

## Why it matters

The transaction shows a sizable profit for Allen's investment arm and reflects Starz's improving financial performance, relevant to investors and media industry observers.

## Article

Investor and media entrepreneur Byron Allen sold every one of his 1.8 million Starz shares on Thursday, according to an SEC filing, realizing $44.9 million, almost $20 million above the amount he paid.

The shares were acquired in August and September 2026 from former Treasury Secretary Steven Mnuchin, who had bought them in a private deal with his Liberty 77 Capital firm.

Allen Family Capital, the investment vehicle of Allen, purchased a 10.7% stake in Starz for $25 million in March through that transaction.

In a separate filing, Starz disclosed its third-quarter 2026 results, showing a narrowed net loss of $34.8 million versus $52.6 million a year earlier. Revenue held steady at $322.4 million, while streaming revenue rose 1.7% year over year to $226.6 million.

Allen serves as chairman and CEO of Allen Media Group, which operates 13 broadcast television stations and 10 networks, including the Weather Channel.

He also leases a two-hour nightly comedy block on CBS, replacing the former "Late Night With Stephen Colbert" slot with "Comics Unleashed With Byron Allen" followed by "Funny You Should Ask."p>

## Frequently asked questions

### How much did Byron Allen make from selling Starz shares?

He earned $44.9 million, nearly $20 million more than the $25 million he paid.

### When did Byron Allen buy the Starz stake?

Allen Family Capital acquired a 10.7% stake in March 2026 from Steven Mnuchin's Liberty 77 Capital.


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