Bruce Levenson, a Jew from Washington DC showed his determination early in life by graduating from the American University with a law degree while taking part in night classes. He had previously attended Washington University in St. Luis for his college studies and attained a bachelor’s degree.
Levenson grew up in Chevy Chase Maryland. He started his career by writing for the Washington star and observer while working as a journalist. Later in 1977, with a friend and partner, ED Peskowitz, they founded United Communication Group (UCG) in Bruce Levenson’s apartment. They published a newsletter called Oil Express which focused on the happenings in the oil industry. They assimilated other newsletters that organized oil price information, news analysis for healthcare, energy and other industries. Bruce was also a founding board member of TechTarget, an IT and media firm since 2015.
Bruce Levenson is a generous giver. He is known to contribute to worthy causes. The “I have a dream” foundation in Washington was his creation. It deals with several charity works. Read more about his philanthropic works on prnewswire.com.
For a long time, Levenson was a co– owner of the Atlanta Hawks LLC, the operating body of the Atlanta Hawks basketball team. He was on the NBA Board of Governors since 2004. Levenson announced on ESPN the sale of its 50.1 percent stake to the best bidder at such a time when the team was at the top of their game. The stakes were sold to the Ressler-led group in 2015 at a value of $850 million. The sale which was instructed by Goldman Sachs and inner circle sport to sell included the operating rights to Phillips Arena. Goldman Sachs had earlier given Levenson an indication that the Atlanta Hawks would sell by at least $1.billion. See, http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/.
The former management of the Atlanta Hawks went to court after the buyer rescinded on an earlier agreement on how to settle workers compensation. The previous owners claimed that they were insured against losses related to employment practices which were not honored by the new management.