Posted on 03/25/2022 4:10:34 PM PDT by Trillian
Black News Channel is shutting down after originally launching in 2020 and will file for bankruptcy, according to an email sent to staff on Friday.
The Atlanta Journal-Constitution reported: he Black News Channel will shut down today at 5 p.m.
The Los Angeles Times broke the news the day after an email was sent to employees that they would not be getting their payroll checks on Friday. Majority stakeholder and Jacksonville Jaguars owner Shad Khan had invested about $50 million into BNC, but audience and revenues failed to meet the company’s hefty cost structure. He decided he couldn’t keep throwing more money at the operation, which has 230 employees, mostly people of color, the Times story said.
CEO and former CNN executive Princell Hair, who joined the operation last year, sent an email to staff mid-day Friday which noted that, “Unfortunately, due to challenging market conditions and global financial pressures, we have been unable to meet our financial goals, and the timeline afforded to us has run out. It’s with a broken heart that I am letting you all know that, effective immediately, BNC will cease live production and file for bankruptcy. We are saddened and disappointed by this reality and recognize the stress that this puts on you and your families.”
(Excerpt) Read more at thegatewaypundit.com ...
According to MSN.com:
"Black News Channel, the Florida-based TV news service whose majority stakeholder is Jacksonville Jaguars owner Shad Khan, is shutting down."
"Although the channel was shopped to several media companies after Khan said he's no longer willing to invest into the station, the company didn't find any takers. Former U.S. Rep. J.C. Watts and media executive Bob Brillante founded the channel and officially launched the service in 2020 after Khan became a majority shareholder with a $50-million investment."
Oh, I see - so it just had a token conservative to give it supposed legitimacy.
Well never mind then.
Black News Channel Breaking News:
Looting on 2nd avenue
Shooting on Main street
Car jacking on Elm
Burglary on Maple
Sale on pants that do not fit....
etc etc etc
I am seeing why they shut down.
Must be racism....
Ironic that JC Watts is literally a token conservative himself. Any “conservative” that said they were considering a vote for a socialist (Obama) solely based on the color of their skin and not the content of political philosophy? Not a reliable individual imo.
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