Chris Malone Upped To CFO Of Byron Allen’s Allen Media Group – Update

Erik Pedersen
·2 min read
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EXCLUSIVE, 9:15 AM: Christopher Malone has been promoted to Chief Financial Officer of Byron Allen’s Allen Media Group. The move comes just two months after the veteran exec joined AMG as EVP, Head of Corporate Development. He remains based in Los Angeles.

“I am very excited to elevate Chris Malone within the Allen Media Group family to Chief Financial Officer, where Chris will be valuable in helping to lead our M&A efforts and other strategic financial initiatives,” said Allen, founder, chairman and CEO of Allen Media Group. “Chris plays a vital role in helping Allen Media Group continue its trajectory of growth and execute on the large number of acquisition opportunities in front of us.”

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Said Malone: “It has been exciting to see the strong growth of Allen Media Group over the past five years and it is even more exciting to join at such a dynamic time for the company. The industry is experiencing rapid transformation as well as increased consolidation and Allen Media Group is well-positioned to capitalize on this changing paradigm given its strong and differentiated position. I look forward to continue working with the Allen Media Group team to execute on the short-term and long-term acquisition targets.”

PREVIOUS EXCLUSIVE, June 8: Byron Allen’s Allen Media Group has hired veteran finance exec Chris Malone as EVP, Head of Corporate Development. Based at AMG’s Los Angeles headquarters, he will work with the company’s senior management in M&A efforts and other corporate strategic initiatives involving capital markets, private equity and credit.

Coming to AMG from his recent position as a principal at Stellex Capital Management, Malone played an integral role in financing notable AMG transactions during the past five years, including its 2018 acquisition of The Weather Channel and the purchase of several broadcast network-affiliated TV stations nationwide.

Malone is a Harvard MBA whose experience also includes stints as a Director at Brightwood Capital and positions at RLJ Equity Partners, William Blair and Credit Suisse.

Added Malone: “It has been exciting to see the strong growth of Allen Media Group over the past five years, and it is even more exciting to join at such a dynamic time for the company. The industry is experiencing rapid transformation as well as increased consolidation and Allen Media Group is well-positioned to capitalize on this changing paradigm given its strong and differentiated position. I look forward to working with the Allen Media Group team to execute on the short-term and long-term acquisition targets.”

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