Just one enterprise day after asserting its unexpected end — surprising over 200 staff members and failing to fulfill payroll Friday — the Black Information Channel now has submitted for Chapter 11 individual bankruptcy.
The Tallahassee-centered outlet, which served Black and other underserved communities, said between 200 and 999 collectors are owed dollars and listed $10 million to $50 million in liabilities, in accordance to documents filed in the Northern District of Florida Bankruptcy Courtroom.
Some of the collectors that are owed the most significant amount of income include The Related Push, $105,682 CNN, $123,366 CBS News, $96,012 and Comcast, $77,739.
Original protection of closure:‘It’s a unfortunate day’: Tallahassee-based Black Information Channel ceases functions, airs very last present
In accordance to an worker who questioned to continue to be anonymous, team gained an e mail Thursday that their very last a few weeks of pay back would be delayed.
“This enraged many of my coworkers and a lot of of them refused to even go into the place of work (Friday),” that human being wrote in an electronic mail to the Democrat.
The future working day, the ceasing of operations was officially announced in a mass e-mail to the network’s staff just just before 3 p.m.
“It is with a damaged heart that I am letting you all know that, productive straight away, BNC will stop live output and file for personal bankruptcy,” CEO Princell Hair wrote to the about 200 staff members. “We are saddened and upset by this actuality and acknowledge the strain that this places on you and your people.”
Evolution of the Black Information Channel:
A push launch released by the organization Tuesday mentioned they “processed and funded payroll on Monday.”
But an employee explained to the Democrat that he most of his colleagues have received partial payment but “are nevertheless owed 1 week’s worth of shell out” as of Wednesday afternoon: “I truly feel for the proficient journalists, editors, designers, writers and producers who are instantly out of jobs.”
► Ended up you an employee at the Black News Channel and want to share your story? E mail reporter Christopher Cann at [email protected]
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