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Posted On: 03/28/2022 2:37:44 PM
Post# of 85913
Someone here asked me if "Black News Channel" is what was removed... I can't remember if it's the one Dr. Dalton was indeed following but here's some news:
BLACK NEWS CHANNEL SHUTS DOWN PERMANENTLY, FAILS TO MEET PAYROLL
Wendy MedinaMarch 26, 202230623
BNC hosts Aisha Mills, Del Walters, left, BNC President and Chief Executive Princell Hair, host Charles Blow, right. ( via Black News Channel)
The inception of the Tallahassee, Florida-based start-up news outlet committed to amplifying Black and Brown voices began with a revered mission, however, the Black News Channel has ceased operations as of yesterday afternoon after only two years on the air.
In a similar M.O. of mass layoffs for the cable news network, following those right before the holidays in December and again at the end of January, the third round of layoffs came without warning nor severance, as well as failure to meet payroll for weeks already worked.
According to the Los Angeles Times, the company of majority stakeholder and Jacksonville Jaguars owner Shad Khan declared bankruptcy, leaving a majority Black and Brown staff of about 230 abruptly jobless and without pay. The channel itself will air repreats for the remainder of March.
In a memo sent to employees by BNC’s chief executive, Princell Hair, benefits will last through next week, though without dismissal wage.
The news comes right after Khan had announced delays on paychecks. Following his $50 million investment in 2019, the Jaguars billionaire refused to continue to fund the start-up after a myriad of problems that ailed the outlet.
“During the past few months, we have endured very painful workforce reductions at all levels of the network as we worked to achieve our financial goal of a break-even business,” read the memo. “This has forced all of you to do more with less, and your contributions have been remarkable. Unfortunately, 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,” Princell said.
Primetime host of the Black News Tonight segment, Marc Lamont Hill, took to Twitter to express his frustrations.
In an attempt to save the failing channel, it had been geared for sale to multiple media companies, however no investors were willing to resuscitate.
According to Nielsen, BNC had an average of 10,000 viewers nationwide despite reaching over 50 million cable households.
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BLACK NEWS CHANNEL SHUTS DOWN PERMANENTLY, FAILS TO MEET PAYROLL
Wendy MedinaMarch 26, 202230623
BNC hosts Aisha Mills, Del Walters, left, BNC President and Chief Executive Princell Hair, host Charles Blow, right. ( via Black News Channel)
The inception of the Tallahassee, Florida-based start-up news outlet committed to amplifying Black and Brown voices began with a revered mission, however, the Black News Channel has ceased operations as of yesterday afternoon after only two years on the air.
In a similar M.O. of mass layoffs for the cable news network, following those right before the holidays in December and again at the end of January, the third round of layoffs came without warning nor severance, as well as failure to meet payroll for weeks already worked.
According to the Los Angeles Times, the company of majority stakeholder and Jacksonville Jaguars owner Shad Khan declared bankruptcy, leaving a majority Black and Brown staff of about 230 abruptly jobless and without pay. The channel itself will air repreats for the remainder of March.
In a memo sent to employees by BNC’s chief executive, Princell Hair, benefits will last through next week, though without dismissal wage.
The news comes right after Khan had announced delays on paychecks. Following his $50 million investment in 2019, the Jaguars billionaire refused to continue to fund the start-up after a myriad of problems that ailed the outlet.
“During the past few months, we have endured very painful workforce reductions at all levels of the network as we worked to achieve our financial goal of a break-even business,” read the memo. “This has forced all of you to do more with less, and your contributions have been remarkable. Unfortunately, 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,” Princell said.
Primetime host of the Black News Tonight segment, Marc Lamont Hill, took to Twitter to express his frustrations.
In an attempt to save the failing channel, it had been geared for sale to multiple media companies, however no investors were willing to resuscitate.
According to Nielsen, BNC had an average of 10,000 viewers nationwide despite reaching over 50 million cable households.
EVENTS
Women of Power Summit
Entrepreneurs Summit
Black Men XCEL
Women of Power TECH
PODCASTS
SistersInc.
Your Money, Your Life
LATEST LISTS
BE 100s
B.E. Registry of Corporate Directors
ABOUT
BLACK ENTERPRISE is the premier business, investing, and wealth-building resource for African Americans. Since 1970, BLACK ENTERPRISE has provided essential business information and advice to professionals, corporate executives, entrepreneurs, and decision makers.
INFORMATION
Management
Sales Partnership Solutions
Privacy Policy
About
Contact
Subscribe to Newsletter
Masthead
© 2022 BLACK ENTERPRISE
Black Enterprise
FacebookTwitterYoutube
BUSINESS
NEWS
LIFESTYLE
EVENTS
VIDEOS
BE EXTRAS
JOBS
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