Black News Channel shuts down despite ratings boost: 'We built something great here'

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Black News Channel shuts down despite ratings boost: 'We built something great here'
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The Black News Channel, which hired hundreds of Black journalists, is halting production and filing for bankruptcy due to various financial issues.

Black News Channel announcement video

Princell Hair, the company's president and CEO, told employees Friday in a memo that the news network was ceasing live production and would file for bankruptcy. BNC was available in some 50 million homes with cable and satellite but had failed to attract many viewers. Hair, a former CNN executive, took over in the relaunch last year. BNC brought on contributors like Charles Blow, columnist at The New York Times, and commentator Marc Lamont Hill. Correspondents were stationed in New York, Los Angeles, Chicago, Atlanta and Philadelphia.

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