A New Buyer for Black News Channel?

It appears that media mogul Byron Allen might be the latest to try and buy the Black News Channel.

Word is that Allen plans to submit an $11 million bid to buy Black News Channel LLC’s television assets in a bankruptcy auction.

The stalking horse bid, revealed in Black News Channel’s (BNC) court filing June 24, comes after the company’s deal to sell the assets to Ebony Studios LLC fell through.

BNC has been looking hard to find a buyer, but every time they think they have one, the deal falls through.

$11 million dollars for a network that has a fairly large cable clearance, is chump change. But, if he gets it, it will be good news for him.