Byron Allen

Award, named for Time Warner Cable exec, given to those who best contribute to public’s understanding of the media

Lays out key points for local broadcasters to stick around long-term

Agreement covers TV stations, The Weather Channel and other cable networks

$30 billion offer pushes Paramount B shares up 12%

Backed by unnamed 'strategic partners,' Allen Media Group reportedly proposed a deal involving $14.3 billion in cash and the assumption of $15 billion in debt

Some events to be syndicated to CBS-owned stations

Janice Arouh, Mark DeVitre, Eric Gould, Sydnie Karras, Chris Malone and Andy Temple bring number of members to 9

Adam Carolla, Whitney Cummings, Vivica A. Fox, Billy Gardell, Jamie Kennedy, Natasha Leggero, Jon Lovitz, Jeff Ross and Sheryl Underwood to appear

Denzel Washington, Dwayne Johnson, Eddie Murphy honored; Jennifer Hudson, Smokey Robinson perform

Jeffrey Katzenberg, Jay Leno, Howie Mandel and Smokey Robinson attend