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Jacksonville Jaguars owner Shahid “Shad” Khan has bought a majority stake in Black News Channel, a cable-and-satellite network that’s set to launch Nov. 15 in 33 million US households. Khan didn’t disclose the size of his investment, but a source familiar with the deal said it exceeded $25 million. Another called it “open-ended,” adding that “whatever Khan gets involved in, he’s in all the way.”

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