Byron Allen’s Entertainment Studios Networks obtained the winning bid for the Black News Channel. The station shut down in March just 2 years after its launch. The deadline for the $11 million in assets was set by the U.S. Bankruptcy Court for the Northern District of Florida was July 11. The court had no qualifying bids during the period outside of the one already received from Entertainment Studios Networks.
Allen’s acquisition will add 300 million linear and digital subscribers to his media company due to Black News Channel’s being carried on traditional packages through Roku, Charter, Cox, Comcast and Verizon.
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