Bruce Levenson has built a spectacular company in United Communications Group (UCG) and in addition has led the startup of several subsidiaries under it. He purchased the NBA’s Atlanta Hawks in 2004 and sold them to Tony Ressler and Company in 2015, reveals Forbes.com. Upon the sale of the team there was a conflict with former General Manager Danny Ferry that had led Levenson and the current ownership group to file a claim with their insurance company, AIG. AIG seems to have rejected the claim and now all parties are trying to settle the matter in court. But Levenson certainly doesn’t have to worry about the great profit he gained in the sale of the team.
Bruce Levenson is a Washington D.C. native and the son of two Jewish parents. He received his higher education at Washington University and completed a J.D. at American University. He decided to pursue a career in journalism and began by reporting for the Washington Star newspaper, but he soon decided he wanted to run his own publishing business so he started a newsletter publishing business right in his own apartment. That business grew into the major media operation, UCG and later the company TechTarget spun out from under UCG. Levenson also joined the board of BIA Digital Partners, a private equity firm in D.C.
Bruce Levenson has made philanthropy (http://www.prnewswire.com/news-releases/undergrads-and-graduate-students-mastering-philanthropy-300038081.html) a major part of his work, and as a basketball owner and enthusiast he was pleased to help launch Hoop Dreams, a youth basketball tournament whose proceeds went to inner city scholarship funds. He also has been a longtime donor to the Holocaust Memorial Museum, and in the spring of 2014 he took the Atlanta Hawks entire team and coaching staff to the museum to hear his mother-in-law’s story of survival. He was the Chairman of the Concert Against Hate event in 2015.