Ankura Capital Advisors awarded “Special Situations M&A Deal of the Year (<$50M)"

Ankura Capital Advisors, in its role as Investment Banker to Black News Channel LLC, has been awarded the “Special Situations M&A Deal of the Year (<$50M)” by the Global M&A Network. The Black News Channel (BNC) was an American pay television news channel, targeting the African American demographic. The channel was based in Tallahassee, Florida, and launched on February 10, 2020.[1] The station was co-founded by television executive Bob Brillante and former congressman J. C. Watts, who was also the network’s chairman. The network filed for bankruptcy in March 2022 and Ankura Capital Advisors led a tailored processed which saw the network purchased by Byron Allen’s Entertainment Studios. Upon the sale’s completion on August 1, 2022, BNC was merged into TheGrio TV.