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Byron Allen Reportedly Plans To Purchase Black News Channel For $11M

There is a glimmer of hope for the Black News Channel. As AfroTech previously told you, the news outlet filed for bankruptcy after losing one of its biggest investors, Jacksonville Jaguars owner Shahid Kahn. Cablefax reports that the CEO and sole shareholder of Entertainment Studios Network, Byron Allen, may be stepping in and has already placed a bid worth $11 million to buy the network.

Samantha Dorisca

Jul 19, 2022