Bruce Levenson grew up in Chevy Chase, Maryland but was born in Washington, D.C. Levenson attended Washington University in St. Louis and later attended American University where he graduated with a law degree. Bruce Levenson began his career in journalism at the Washington Star while attending law school at night. Earlier in Levenson’s career he partnered up with Ed Peskowitz and co-founded United Communications Group (UCG), a privately held business information company.
United Communications Group was based in Gathersburg, Maryland in 1977 and began in Bruce Levenson’s apartment. The company initially published a newsletter, Oil Express which reported on the oil industry and its developments. In addition to other newsletters, UCG launched databases which included Oil Price Information Service. United Communications Group specializes in data, news and healthcare analysis, technology, telecommunications, mortgage banking, energy, and numerous other industries.
Forbes billionaire Levenson and Peskowitz were Majority Partners of the Atlanta Hawks LLC. The Atlanta Hawks LLC are a group of businessmen that own the professional basketball team as well as the Phillips Arena. In 2004 the Atlanta Hawks LLC formerly known as the Atlanta Spirit LLC was formed to purchase the Atlanta Hawks LLC from Turner Broadcasting. The Atlanta Thrashers were initially included in the deal but the NHL team was sold in 2011.
Currently a lawsuit has been filed against New Hampshire Insurance Company for breach of contract. The lawsuit was filed by Atlanta Hawks Basketball and Entertainment LLC. The former Hawk ownership group included Bruce Levenson who was a controlling partner. Bruce Levenson has three sons with wife Karen. Levenson and his wife Karen have initiated the creation of the Center for Philanthropy and Nonprofit Leadership and the Do Good Challenge at the University of Maryland.