The network launched in February 2020 and is largely backed by Jaguars Owner Shad Khan.
NEW YORK — 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.
The network, founded in 2020 by former GOP congressman J.C. Watts, hired more than 250 Black journalists and production personnel last year But it was consistently losing money, despite two rounds of layoffs, and Kahn 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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