The Black News Channel (BNC) is now officially the next Grio Byron Allen‘s Allen Media Group, acquisition of the channel at the end of July.
According to theGrio, Allen hopes to usher in a new era of black-centric news with the channel. Now that the purchase is official, theGrio will transition to television.
“This is the ultimate destination for the best talent and content in the world,” said Allen. “Unfiltered African-American voices are needed more today than ever, and theGrio is 1,000 percent committed to broadening our perspectives and culture around the world.”
According to a statement from The GrioChannel, it will offer Black news and stories in addition to award-winning movies, sports, lifestyle shows and classic TV shows focused on Black community and issues.
“We will provide Black history and honor achievement through Black cultural perspective,” the statement added.
GrioChannel is available now on Charter/Spectrum, Comcast Xfinity, Cox, DirecTV, Dish Network, Verizon Fios, Vizio, AT&T U-verse, FreebieTV, TiVo, IMDB.tv and Redbox. The channel is also available on streaming sites Amazon Prime, DirecTV Stream, Fire TV, Freevee, PlutoTV, TiVo, and XUMO.
“Our ambitious plan for theGrio is to be the first choice for dynamic and thought-provoking daily conversations that reach Black audiences around the world,” he said. Geraldine Moriba, senior vice president of news and entertainment for theGrio. “We are delighted to introduce the accomplished and emerging champions driving today’s crucial conversations.”
AMG acquired BNC from bankruptcy for $11 million from the billionaire Shahid Khan, Owner of the NFL’s Jacksonville Jaguars. Khan invested more than $100 million in BNC.
AMG’s acquisition of BNC will add 300 million linear and digital subscribers to AMG’s portfolio of assets, which includes 12 television networks such as The Weather Channel and digital platforms Local Now, HBCU GO, Sports.TV, the app Grio Streaming and The Weather Channel Streaming. app. AMG has also invested more than $1 billion in the past three years to acquire 27 ABC-NBC-CBS-FOX network-affiliated television stations across the country.