Byron Allen and McDonald's Reach Settlement in Lawsuit Over Black-Owned Media Advertising Pledge

McDonald's has settled its $10 billion lawsuit levied by Byron Allen and his media companies over black-owned media advertising pledges. The settlement was reached Friday between the fast food company and Allen's companies Entertainment Studios Network and the Weather Group. The settlement both dodges the upcoming July 15 court trial and also resolves claims made in a separate but related $100 million lawsuit against the company. "We are pleased that Mr. Allen has come to appreciate McDonald's unwavering commitment to inclusion, and has agreed to refocus his energies on a mutually . . .