The deadline for the bid was July 11 at 5 p.m. EST under the U.S. Bankruptcy Court for the Northern District of Florida. What’s more, it’s being reported that there were no other qualified competitors.

With that said, Entertainment Studios Networks could be on its way to becoming the official buyer of the Black News Channel. Per court documents, there was a hearing for approval on Tuesday, July 19 at 10 a.m. EST held before Chief Judge Karen Specie.

If approved, the Allen Media family will welcome 300 million linear and digital subscribers from Black News Channel’s network through Comcast, Charter, Cox, Verizon, Roku, and more.

“There isn’t a bank in the world where we can deposit the words. We have to do it with real economic inclusion and sponsorships. We’ve made the investment. We’re buying it, we have the infrastructure,” Allen said, according to Cablefax. “We just need the industry now to say ‘You know what? That wasn’t our intent. Let us get in here and really do the right thing because we’re better than that.”

Entertainment Studios Network

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