Byron Allen’s Allen Media Group Acquires Black News Channel for $11 Million

LOS ANGELES—Byron Allen’s Allen Media Group (AMG) is proud to announce that the Northern District of Florida, Tallahassee Division of the United States Bankruptcy Court, (Case No. 4:22-bk-40087-KKS) issued an order approving the sale of “substantially all of” Black News Channel (BNC) “assets free and clear of all liens, claims, encumbrances and interests” to AMG’s networks division. AMG is acquiring BNC out of bankruptcy for $11 million from billionaire Shahid Khan owner of the NFL’s Jacksonville Jaguars franchise. Khan invested over $100 million into BNC.

Byron Allen, Founder/Chairman/CEO of Allen Media Group
Byron Allen, Founder/Chairman/CEO of Allen Media Group

AMG’s acquisition of BNC will add 300 million linear and digital subscribers to the AMG portfolio of assets — which includes 12 television networks such as The Weather Channel, digital platforms Local NowHBCU GOSports.TVtheGrio Streaming App and The Weather Channel Streaming AppAMG has also invested over $1 billion in the last 3 years to acquire 27 ABCNBCCBSFOX network affiliate broadcast television stations nationwide.

BNC has carriage on traditional linear packages via ComcastCharterCox, DISH, DirecTV, and VerizonBNC currently enjoys approximately 45 million linear subscribers and Allen plans to grow the distribution to approximately 80 million linear subscribers over the next 6 months.

“We are excited to have been selected to acquire the Black News Channel, which has approximately 300 million linear and digital subscribers,” said Byron Allen, Founder/Chairman/CEO of Allen Media Group. “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. 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 percent African-American owned network.”

In 2016, AMG purchased The Grio, a highly-rated digital video-centric news community platform devoted to providing African-Americans with compelling stories and perspectives currently underrepresented in existing national news outlets. The Grio features aggregated and original video packages, news articles and opinion pieces on topics that include breaking news, politics, health, business and entertainment. Originally launched in 2009, the platform was then purchased by NBC News in 2010. The digital platform remains focused on curating exciting digital content and currently has more than 100 million annual visitors.

— Source and photo: Allen Media Group (AMG)/PRNewswire


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Charter to Expand Distribution of Black News Channel and Offer Network to Video Subscribers Across All Markets

Charter Will Make the Network Available by early September to Subscribers of Spectrum TV Silver and Higher Video Tiers

STAMFORD, Conn. – Charter Communications, Inc. today announced it plans to significantly expand distribution of Black News Channel (BNC), the nation’s only 24/7 African American-focused news network, by making the channel available to Spectrum TV subscribers throughout the company’s 41-state footprint by early September 2020.

Charter was one of the first pay TV providers to offer BNC in some of its biggest markets, including New York, Los Angeles and Dallas, upon the network’s launch in early 2020. Today’s announcement expands that access to Spectrum TV customers located in all Charter markets, including Buffalo, Rochester, Syracuse, Kansas City, Cincinnati and Columbia, providing Black News Channel even broader reach for its programming.

“Expanding distribution of Black News Channel will give even more Spectrum customers access to the network’s topical news,” said Tom Montemagno, Executive Vice President of Programming Acquisition for Charter. “It’s critical that we provide diverse perspectives on our lineups, and that we have programming that truly reflects the issues facing our customers and the communities we serve.”

BNC launched February 10 as the nation’s only provider of 24-hour cable news programming dedicated to covering the diverse perspective of African American communities. As an innovative and life-changing network, BNC’s mission is to provide intelligent programming that is informative, educational, inspiring and empowering to its African American audience.

“Charter Communications has been a great partner for our Network and has been committed to our success and the information needs of our audience from the start,” said BNC Chairman and co-founder J.C. Watts, Jr. “Expanding BNC‘s reach to subscribers throughout the Spectrum TV universe further demonstrates that commitment.”

The channel features coverage of national political, health, business and sports news; stories about Black history and Historically Black Colleges and Universities (HBCUs); and original programming, including the “Kelly Wright Show,” “Being a Woman” with hosts Lauren McCoy and Rarione Maniece, and “Doctor for the People” hosted by Dr. Corey Hebert. More information about Black News Channel and its programs is available at www.BlackNewsChannel.com.

BNC will be available upon launch at no additional charge to Spectrum TV customers who have Spectrum TV Silver, Digital Tier Package 1, or Spectrum Lifestyle TV. More information about how to subscribe and local channel locations is available at www.spectrum.com.

– Source and photo: Charter Communications and Devlin Design Group

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Exclusive: National Basketball Players Association Announces First-Ever Tech Summit

NBA players’ union plays matchmaker with its athletes and Silicon Valley for more than beefing up portfolios

by KC Ifeanyi

NEW YORK, NY – The National Basketball Players Association announced today it will hold the inaugural NBPA Technology Summit from July 19-21 in San Francisco.

The NBPA Technology Summit will provide current and former NBA players with the following:

  • Educational content and presentations from executives of major media and technology companies;
  • Site visits to several media and technology companies in Silicon Valley;
  • Networking opportunities with senior executives and influencers;
  • Workshops designed to identify opportunities for players to pursue both during and after their NBA careers.

Among the participating companies are Andreessen Horowitz, Jawbone and SV Angel.

This three-day event in San Francisco that aims to integrate NBA players with tech and media companies for post-career opportunities beyond just backing them—a shift in thinking that’s found Golden State Warriors forward Andre Iguodala (top photo) as a model student.

Code Once. Sell Many.

The NBPA Technology Summit will incorporate site visits to media and tech companies, as well as lectures, presentations, and workshops from executives and influencers. Jawbone, Pinterest, Andreessen Horowitz, and SV Angel are just a few companies on deck to help NBA players find their place in Silicon Valley—and one place the NBPA feels is particularly apt for athletes is wearable technology.  Read more

Sources:  NBPA and  FastCompany.com

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Under Armour launched UA Record during CES 2015, a health and fitness network for new wearable apps dedicated to helping users lead healthier lives.  Photo courtesy, Under Armour.
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