Byron Allen began his career as a standup comic and is now a media tycoon who owns dozens of outlets including the Weather Channel. He has recently added another network to his portfolio — the Black News Channel.
Allen is acquiring the assets of the Black News Channel after a bankruptcy court approved his $11 million purchase. Within 10 minutes of wiring the money, Allen said he changed the name of the station to theGrio — a West African term for a storyteller.
Allen, who owns 36 TV stations and 12 cable networks, wanted the channel to be a lot more inclusive, including its name. Read more at www.cnn.com
