According to the Los Angeles Times, the Black News Channel, which launched just before the pandemic, has ceased operations.
The newspaper said that the Tallahassee, Fla.-based outlet, whose majority stakeholder is Jacksonville Jaguars owner Shad Khan, failed to meet payroll on Friday after telling employees that paychecks would be delayed.
Citing people briefed on the matter, the Times said Khan would no longer invest in the operations of BNC after shopping the channel to several media companies, including Byron Allen’s Entertainment Studios.Before the Times report, Roland Martin broke the information that BNC failed to pay its employees this week.
“We are actively working to resolve this matter quickly and will advise you with an update as soon as possible,” Collins wrote. The media mogul said he spoke to BNC’s CEO Princell Hair, who advised that he’s working on getting employees paid.
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