McDonald's settles Byron Allen's $10B lawsuit alleging chain refused to advertise with black-owned media
McDonald's has settled a $10 billion lawsuit by the media entrepreneur Byron Allen challenging the fast-food chain's alleged refusal to advertise with black-owned media.
Friday's settlement between McDonald's and two of Allen's companies, Entertainment Studios Networks and the Weather Group, averts a scheduled July 15 trial in Los Angeles federal court.
It also resolves Allen's related $100 million lawsuit against McDonald's in Los Angeles Superior Court.
Byron Allen had accused McDonald's of 'racial stereotyping' by not advertising with black-owned media, and lying when it pledged in 2021 to boost national ad spending with those media to 5% from 2% by 2024.
REUTERS
McDonald's said it will buy ads 'at market value' from Allen's companies 'in a manner that aligns with its advertising strategy and commercial objectives.'
Settlement terms are confidential.
McDonald's, based in Chicago, denied wrongdoing in agreeing to settle.
In a statement, Allen's companies said 'we acknowledge McDonald's commitment to investing in black-owned media properties and increasing access to opportunity. Our differences are behind us.'
Allen had accused McDonald's of 'racial stereotyping' by not advertising with black-owned media, and lying when it pledged in 2021 to boost national ad spending with those media to 5% from 2% by 2024.
He said he relied on that pledge when seeking new business from McDonald's, only to be rebuffed.
McDonald's said it will buy ads 'at market value' from Allen's companies 'in a manner that aligns with its advertising strategy and commercial objectives.'
Christopher Sadowski
Allen also said his Allen Media Group represented more than 90% of black-owned media.
Allen's networks include The Weather Channel, Cars.TV, Comedy.TV, ES.TV, Justice Central, MyDestination.TV, Pets.TV and Recipe.TV.
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