After Jacksonville Jaguars owner Shad Khan invested more than $76 million into the network, a U.S. Bankruptcy judge approved the sale of the Black News Channel on Wednesday to media mogul Byron Allen for $11 million.
Khan is the majority investor in the news channel, which launched in February 2020 but filed for Chapter 11 reorganization in March 2022 in U.S. Bankruptcy Court for the Northern District of Florida, Tallahassee Division.
Black News Channel LLC is headquartered in Tallahassee.
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