NEW YORK — Black News Channel, the TV news service launched in 2019 to be a voice for people of color, is ceasing operations as soon as Friday, according to two people familiar with the matter.
The Tallahassee, Florida-based outlet, whose majority stakeholder is Jacksonville Jaguars owner Shad Khan, failed to meet payroll on Friday, a day after telling employees that paychecks would be delayed. An announcement that the company will cease operations, putting its staff of 230 — a vast majority of whom are people of color — out of work, could come later in the day.
Khan was no longer willing to invest further, according to people briefed on the matter. The channel has been shopped to a number of media companies, including Byron Allen’s Entertainment Studios, but they were no takers.
