The Hollywood Reporter: Byron Allen Buys Black News Channel for $11M

Byron Allen’s Allen Media Group is buying the Black News Channel, with plans to revive the bankrupt cable news outlet and significantly grow its distribution footprint.

Allen’s company is acquiring “substantially all” of BNC’s assets for $11 million, with a bankruptcy court in Tallahassee, Florida, formally signing off on the sale.


BNC is available in about 45 million homes through companies like Comcast, Charter and DirecTV, and Allen says his company can grow that distribution to about 80 million homes in the next six months. It’s not immediately clear, however, what Allen has in store for BNC’s lineup or programming. BNC had just rebooted its primetime lineup last year with hopes of turning things around.

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