BNC The Black News Channel, But Not Really a "Black news channel" Shutting Down This Week
Shad Khan, the Black News Channel’s chief investor decided not to pay employees last week which effectively decided the fate of the two-year old cable news outlet. Khan, a billionaire, is the owner of the NFL's Jacksonville Jaguars franchise. Marc Lamont Hill, host of Black News Tonight was not too happy with Khan's decision to leave many reporters, camera operators, technicians, behind the scenes producers and news assistants out of a job with no warning.
The real exclusive is that he’s refusing to give people their paychecks today. Hundreds of employees, many of whom already took significant pay cuts, are now being denied money they’ve already worked for. Khan, a BILLIONAIRE, simply says he doesn’t want to pay it. https://t.co/fhqbbKb5mN
— Marc Lamont Hill (@marclamonthill) March 25, 2022
BNC employees have health coverage for the next five days. And no severance. https://t.co/OmAdoiTuzj
— Marc Lamont Hill (@marclamonthill) March 26, 2022
According to the Los Angeles Times, Shad Khan declared the company's bankruptcy, leaving the BNC staff of about 230 jobless and without pay. The channel will air repeats for the remainder of March.
Black News Channel was conceived by a group headed up by former U.S. Rep. J.C. Watts of Oklahoma and White media executive Bob Brillante. The channel launched after Khan made a $50-million investment in 2019, making him the majority shareholder.
— Marc Lamont Hill (@marclamonthill) March 26, 2022
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