Byron Allen Secures Winning Bid for the Black News Channel

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D.T. Carson

Launched in 2020 by TV exec Bob Brillante and former congressman J.C. Watts— and funded by Jacksonville Jaguars owner Shahid Khan—the Black News Channel was dedicated to covering the unique perspectives, challenges and successes of Black and brown communities, but after two short years, the venture closed its doors.

The venture’s loss is now Byron Allen’s gain as the media mogul announced that the Northern District of Florida, Tallahassee Division of the United States Bankruptcy Court, issued an order approving the sale of “substantially all of” Black News Channel (BNC) “assets free and clear of all liens, claims, encumbrances and interests” to Allen Media Group after accepting his bid of $11 million.

Allen was, in fact, the only bidder for the channel that has carriage on traditional linear packages via Comcast, Charter, Cox, DISH, DirecTV and Verizon and will add upwards of 50 million subscribers to his expanding media empire which presently includes the Weather Channel, the Grio, and 36 TV stations.

“We are excited to have been selected to acquire the Black News Channel, which has approximately 300 million linear and digital subscribers,” said Allen, whose goal is to become the largest broadcast television group in America. “Allen Media Group will deliver a best-in-class network to serve the underserved African-American community and the advertisers who want to reach this extremely valuable audience. Also, we appreciate the opportunity to provide cable operators, satellite companies, telcos, and digital platforms diversity of ownership, voices, and viewpoints on their programming line-ups by having a 100 percent African-American owned network.”


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