Friday, 30 October 2026

Processor Press

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Byron Allen Sells Starz, Leaving Steven Mnuchin to Wonder About His Stockpile

Byron Allen Sells Starz, Leaving Steven Mnuchin to Wonder About His Stockpile

Byron Allen dumped all his Starz shares—1.8 million in a roughly 10 % stake—between Aug 9 and Sep 29 at $21–$27 each, making a tidy profit after buying them from former Treasury Secretary Steven Mnuchin.

The sale was announced in a terse SEC filing that made headlines louder than a Hollywood premiere.

Each tranche was sold at a slightly different price, a subtle nod to Allen’s flair for fine‑tuning his portfolio like a master chef adjusts seasoning.

As the curtain falls on this chapter of corporate drama, one thing is clear: in the world of high‑stakes media, the only thing more volatile than stock prices is the next headline.

if this one landed.