Black News Channel, the Florida-based TV news service whose majority stakeholder is Jacksonville Jaguars owner Shad Khan, is shutting down. The company announced the news of its shut down on Friday shortly after telling employees that their paychecks would be delayed, the Los Angeles Times reports . Shad Khan’s Black News Channel is shutting down https://t.co/9LUmWj3X9Z pic.twitter.com/aqfPh2NNJD — Los Angeles Times (@latimes) March 25, 2022 Although the channel was shopped to several media companies after Khan said he’s no longer willing to invest into the station, the company didn’t find any takers. Former U.S. Rep. J.C. Watts and media executive Bob Brillante founded the channel and officially launched the service in 2020 after Khan became a majority shareholder with a $50-million investment. Black News Channel, which aimed to provide a platform that would serve as a voice for Black people, reached more than 50 million cable and satellite households. The station averaged an...
