clearn.png
Tuesday August 16th, 2022 7:15AM

Black News Channel shuts down days after ratings high

By The Associated Press
Related Articles
  Contact Editor

NEW YORK (AP) — 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.

Princell Hair, the company's president and CEO, told employees Friday in a memo that the news network was ceasing live production and would file for bankruptcy. BNC was available in some 50 million homes with cable and satellite but had failed to attract many viewers.

The network, founded in 2020 by former GOP congressman J.C. Watts, hired more than 250 Black journalists and production personnel last year in a relaunch following an investment by Jacksonville Jaguars owner Shahid Kahn.

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.

Hair, a former CNN executive, took over in the relaunch last year. BNC brought on contributors like Charles Blow, columnist at The New York Times, and commentator Marc Lamont Hill. Correspondents were stationed in New York, Los Angeles, Chicago, Atlanta and Philadelphia.

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.

He told employees that their contributions had been remarkable, but “due to challenging market conditions and global financial pressures, we have been unable to meet our financial goals, and the timeline afforded to us has run out.”

Establishing a network is particularly tough at a time when consumers have so many choices and many are cutting cable or satellite cords.

“Remember that we built something great here,” Hair said in his memo. “BNC, or something very close to it, will surely return at some point, because the world needs it, and all of you have proven it can be done.”

News of BNC's shutdown was first reported by the Los Angeles Times.

The National Association of Black Journalists said Friday that it was looking at ways to help members that were thrown out of work by the shutdown.

  • Associated Categories: Associated Press (AP), AP Sports, AP Online Football, AP Online Headlines - Washington, AP Online Congress News, AP Online Supreme Court News, AP Entertainment, AP Business, AP Sports - NFL
© Copyright 2022 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Maryland judge rules new congressional map unconstitutional
A Maryland judge has ruled the state's new congressional map is unconstitutional
4:33PM ( 5 minutes ago )
Crews remove snow from damaged Alaska pipeline oil tanks
Workers at the end point of the trans-Alaska pipeline are using saws to cut up large chunks of snow on top of oil storage tanks so they can shove the chunks off the tanks
4:28PM ( 9 minutes ago )
Black News Channel shuts down days after ratings high
The Black News Channel shut down on Friday after failing to meet its payroll and losing the support of its chief investor, Jacksonville Jaguars owner Shahid Kahn
4:27PM ( 11 minutes ago )
Associated Press (AP)
Browns QB Deshaun Watson denies sexual assault allegations
New Browns quarterback Deshaun Watson maintained his innocence and strongly denied committing any sexual misconduct despite allegations made by 22 women against him
3:53PM ( 44 minutes ago )
F1 in Saudi Arabia shifts from human rights to rebel attacks
Hours after Formula One drivers voiced concerns about a race already dogged by human rights issues, Saudi Arabia’s war with Yemen landed on F1's doorstep when Houthi rebels attacked an oil depot near the glittering Saudi track where they were racing
3:53PM ( 44 minutes ago )
The Latest: Tie enough for Horschel to advance in Match Play
The winning streak of Billy Horschel at the Dell Technologies Match Play is over
3:38PM ( 59 minutes ago )
AP Sports
Watson visits Browns as 2nd grand jury declines to indict
A second grand jury in Texas has declined to indict new Cleveland Browns quarterback Deshaun Watson, who has been accused of sexual misconduct by 22 women and still faces civil lawsuits
8:03PM ( 20 hours ago )
Denver Broncos stadium fire torches seats, suite area
Firefighters have extinguished a blaze that torched several rows of seats and a suite area at the Denver Broncos’ stadium
7:21PM ( 21 hours ago )
SEC names David Cutcliffe special assistant to commissioner
Former Mississippi and Duke coach David Cutcliffe has joined the Southeastern Conference as special assistant to the commissioner for football relations
1:31PM ( 1 day ago )
AP Online Football
Arizona Republicans fight culture war in battleground state
Arizona has long been fertile ground for a social conservative agenda, with some of the nation’s toughest laws against abortion and a history of restricting LGBTQ rights
3:44PM ( 53 minutes ago )
60 miles from Ukraine, Biden sees refugee crisis in Poland
Just 60 miles from the Ukrainian border, President Joe Biden paid tribute on Friday to Poland for giving refuge to more than 2 million Ukrainians who have fled their country since Russia’s invasion
3:29PM ( 1 hour ago )
House leaders call on Nebraska Rep. Fortenberry to resign
Republican U.S. Rep. Jeff Fortenberry is facing growing pressure to resign from congressional leaders and Nebraska’s GOP governor after a California jury found him guilty of lying to federal authorities about an illegal $30,000 campaign donation from a Nigerian billionaire
3:15PM ( 1 hour ago )
AP Online Headlines - Washington
Key Dem Manchin says he'll back Jackson for Supreme Court
Democratic Sen. Joe Manchin has announced his intention to support the nomination of Ketanji Brown Jackson to serve on the U.S. Supreme Court, pushing her one step closer to confirmation
10:43AM ( 5 hours ago )
Russia-Ukraine war: Key things to know about the conflict
President Volodymyr Zelenskyy has called on Ukrainians to keep up their resistance to Russia’s invading forces, as authorities claimed the death toll in a strike on a theatre last week was in the hundreds
8:48AM ( 7 hours ago )
UK transport chief vows to reverse illegal ferry firings
Britain’s transport secretary has vowed to force a ferry operator to reverse the illegal firing of almost 800 workers, saying the company’s “brazen and breathtaking” decision to intentionally break the law wouldn’t be allowed to stand
5:10AM ( 11 hours ago )
AP Online Congress News
Takeaways: Civil rights, Trump close out Jackson hearing
The historic Senate hearings for Judge Ketanji Brown Jackson, who's the first Black woman nominated for the Supreme Court, have been joyful, combative and clarifying
4:52PM ( 23 hours ago )
McConnell says he'll vote against Jackson for Supreme Court
Senate Republican leader Mitch McConnell has announced he'll vote against confirming Ketanji Brown Jackson, saying he “cannot and will not” support the groundbreaking nominee for a lifetime appointment on the Supreme Court
4:16PM ( 1 day ago )
Takeaways: Jackson hearing closes with Trump, civil rights
The historic Senate hearings for Judge Ketanji Brown Jackson, who's the first Black woman nominated for the Supreme Court, have been joyful, combative and clarifying
2:09PM ( 1 day ago )
AP Online Supreme Court News
Russia may shift war aims; 300 reported dead in theater
Ukrainian authorities say about 300 people were killed in the Russian airstrike last week that blasted open a Mariupol theater
3:34PM ( 1 hour ago )
Ukraine says 300 died in theater attack, hunger grips cities
Ukrainian authorities say about 300 people were killed in the Russian airstrike last week that blasted open a Mariupol theater
3:05PM ( 1 hour ago )
AP Entertainment
Stocks stall as Wall Street wraps up bumpy week of trading
Stocks shifted between small gains and losses in afternoon trading on Wall Street Friday as they wrapped up a bumpy week with more uncertainty about where to go next
3:32PM ( 1 hour ago )
Live updates: Pope leads prayer; Ukraine refugees in Germany
Pope Francis has presided over a special prayer for Ukraine that harked back to a century-old apocalyptic prophecy about peace and Russia
2:44PM ( 1 hour ago )
Teen falls to death from Florida amusement park ride
A 14-year-old boy fell to his death late at night from a free-fall amusement park ride that's taller than the Statue of Liberty along a busy street in the heart of Orlando, Florida’s, tourist district
2:27PM ( 2 hours ago )
AP Business
Sacked: Mayfield waits as Browns look to trade unwanted QB
Baker Mayfield was once the No. 1 overall pick
12:29PM ( 2 days ago )
OL Terron Armstead says he's signing with Miami Dolphins
Terron Armstead has become the Miami Dolphins’ latest big free agent move, announcing that he’s joining the team after spending his first nine NFL seasons with the New Orleans Saints
9:03PM ( 2 days ago )
Ryan eager for new start in Indy after 14 seasons in Atlanta
New Indianapolis Colts quarterback Matt Ryan is ready for a change
4:55PM ( 2 days ago )
AP Sports - NFL
Utah bans transgender athletes in girls sports despite veto
Utah’s Republican lawmakers have overridden GOP Gov. Spencer Cox’s veto of legislation banning transgender youth athletes from playing on girls teams
4:25PM ( 12 minutes ago )
Live updates: US official: Russians rethink advance on Kyiv
A senior U.S. defense official says Russia’s military advance on Ukraine’s capital appears to have halted as it turns its focus to fighting elsewhere
4:22PM ( 16 minutes ago )
EU leaders reach compromise on energy after long debate
EU leaders struggled for hours Friday to find a compromise on a deal aimed at curbing energy prices that have gone through the roof and hurt households and businesses across the 27-nation bloc
4:15PM ( 23 minutes ago )
US stocks end mostly higher after another up-and-down day
Stocks wound up mostly higher on Wall Street Friday after another day of bouncing around as traders try to figure out what's next for the economy
4:12PM ( 25 minutes ago )
Transgender sports ban veto likely to be overridden in Utah
Utah’s Republican lawmakers are preparing for a Friday push to override Gov. Spencer Cox’s veto of legislation banning transgender youth athletes from playing on girls teams
4:11PM ( 27 minutes ago )