Allen Media Group has purchased the assets of the recently shut down Black News Channel (BNC). The channel which was a free streaming option available through services like Pluto TV, the Roku Channel, XUMO and others was a 24-7 news option that focussed more on the black perspective on US and world news. After launching in 2020 the channel ended operations in March 2022. The purchase falls in line with other properties purchased and promoted by owner, Byron Allen. The company’s namesake feels it will be positioned for success.
“Allen Media Group will deliver a best-in-class network to serve the underserved African-American community and the advertisers who want to reach this extremely valuable audience,” said Allen, founder, chairman and CEO of Allen Media Group. “Also, we appreciate the opportunity to provide cable operators, satellite companies, telcos, and digital platforms diversity of ownership, voices, and viewpoints on their programming line-ups by having a 100% African-American owned network,” Alen added.
Other assets owned by Allen Media Group include The Weather Channel, digital platforms Local Now, HBCU GO, Sports.TV, theGrio Streaming App and The Weather Channel Streaming App.
