Byron Allen’s Media Group (AMG) is buying the Black News Channel, with plans to revive the bankrupt cable news outlet and significantly grow its distribution footprint. Allen’s company is acquiring “substantially all” of BNC’s assets for $11 million, with a bankruptcy court in Tallahassee, Florida, formally signing off on the sale. The cable news channel, founded by … Continue reading Byron Allen buys Black News Channel (BNC) for $11M