Allen Media Group has acquired Black News Channel.
AMG’s acquisition of BNC will add 300 million linear and digital subscribers to the AMG portfolio of assets.
“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, 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 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.”