The Black News Channel has pulled the plug after the 2-year-old venture failed to meet payroll and lost the backing of its biggest investor.
FILE - In this Sept. 24, 2017, photo, Jacksonville Jaguars owner Shahid Khan stands before an NFL football game against between the Jaguars and the Baltimore Ravens at Wembley Stadium in London. The Black News Channel shut down on Friday, March 25, 2022, after failing to meet its payroll and losing the support of its chief investor, Kahn. The network, founded by former GOP congressman J.C.
The network, founded in 2020 by former GOP congressman J.C. Watts, hired more than 250 Black journalists and production personnel last yearBut it was consistently losing money, despite two rounds of layoffs, and Khan decided to stop investing in it further. It is currently three weeks short of payroll, a company spokesman said.
The end came even as BNC recorded its biggest audience ever this week with its live coverage of the Judiciary Committee hearing for U.S. Supreme Court nominee Judge Ketanji Brown Jackson, Hair said.
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