Byron Allen has reportedly established a partnership with Verizon to bolster their already existing diversity, engagement and inclusion efforts. Through this partnership, Allen will work with the telecommunications company to launch a Black-owned media summit next month.
“Verizon has been working to address diversity, equity and inclusion issues for years and we are proud of the actions we continue to take to move the industry forward,” Verizon’s Chief Media Officer John Nittie said in a statement.
“Increasing our financial commitment to Black-owned media companies and partnering with Allen Media Group to host a summit that will provide these companies with resources to help enable long term growth is a crucial part of our responsible marketing action plan. It is also an important step in creating the equity the industry needs.”
At this point, the two parties have not shared when in May the summit will take place. Neither Allen nor Verizon have shared the venue or itinerary either. However, Allen did offer his thoughts about the potential for this partnership.
“I’m very proud of Verizon, one of the largest advertisers in the world, coming to the table to make sure we have real economic inclusion for Black-owned media,” Allen stated.
“The biggest trade deficit in our nation is the trade deficit between corporate America and Black America, and we must close that gap immediately.”
More details will be shared as they become available.