Algo killed the new-media star

Watch CNBC's full interview with media mogul Byron Allen and BuzzFeed's Jonah Peretti

CNBC's "Power Lunch" team is joined by media mogul Byron Allen to discuss how he making power moves in the industry. Allen is founder, chairman and CEO of Allen Media Group. Jonah Peretti, co-founder of BuzzFeed and the HuffPost, also joins the conversation.

Algo killed the new-media star

Byron Allen, the former standup comedian and small-scale media mogul who took over Stephen Colbert’s late-night slot on CBS this month, will pay $120 million for a controlling stake in BuzzFeed, in a deal announced last week. He has installed himself as chairman and chief executive and plans to turn the dominant media outlet of the 2010s into a free streaming service. Buzzfeed co-founder Jonah Peretti has been rebranded as “president of BuzzFeed

Q&A with Jonah Peretti on why he sold BuzzFeed, the structure of the deal with Byron Allen, his new role as president of BuzzFeed AI, HuffPost, and more (Nilay Patel/The Verge)

Nilay Patel / The Verge: Q&A with Jonah Peretti on why he sold BuzzFeed, the structure of the deal with Byron Allen, his new role as president of BuzzFeed AI, HuffPost, and more  —  The soon-to-be-former CEO on AI, social media, and the end of an era  —  Today, I'm talking with Jonah Peretti, who is, technically …

Exclusive: Jonah Peretti explains why he sold BuzzFeed

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