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data on African American consumers
Black Buying Power:
$679 Billion (2004)
Black U.S. Population:
Top Five Black Cities
- New York
Top Five Black Metros:
- New York-New Jersey
- Los Angeles
Top Five Expenditures:
- Housing 110.2 bil.
- Food 53.8 bil.
- Cars/Trucks 28.7 bil.
- Clothing 22.0 bil.
- Health Care 17.9 bil.
Click here for more stats from "The Buying Power of
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Click here to go to African-American Census Bureau
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Chicago, IL 60604
'Chicago Defender' says it's profitable for first time in two
Editor & Publisher
(January 4, 2006) Despite a tumultuous year in
which an editor quit after just two months, the newsroom operated without
a general assignment reporter for a brief period, the daily cut its
frequency from five days a week to four, and an African American activist
group declared a boycott of the black-owned paper, the Chicago Defender
cleared a profit in 2005, Executive Editor Roland S. Martin (left) says.
"We had a very good 2005," he said in an interview. "Frankly, it's the
first time the Chicago Defender has shown a profit since 1984." Martin did
not offer any specific financial results for the black-oriented paper,
which is owned by the privately held firm Real Times LLC.
Martin made the remarks a day after announcing the hiring of two new
general assignment reporters, a gain of one position for the skeleton
newsroom crew producing the tabloid.
Martin said that the paper's budget projects hiring one more full-time
journalist, and a part-time newsroom employee at the end of the first
quarter of this year. "As we build revenue, we will add a city editor by
June," he added.
"It's been a long and difficult year," Martin said. "But finally we're
almost there in crossing over that hump. ... I keep preaching patience."
Since Martin arrived as executive editor in the summer of 2004, he has
insisted that the once-powerful Defender would bounce back from its
parlous state -- but it would be one by first getting out of debt and
cutting expenses to turn profits. "You've got to be a smart steward of
your resources," he said.
The cutting came at a cost in 2005. In a recruiting coup last January, the
paper named Pearl Stewart -- the first African American woman to head the
newsroom of a metro daily -- as its editor.
But barely two months later, Stewart quit.
This summer, the paper eliminated its Tuesday edition, which it said was a
consistent money loser.
And last month, the paper announced it was moving out of its landmark
office building on the South Side to a downtown office building. "This
move to a new location is critical, primarily because, frankly, we will be
in a 21st century location," Martin said.
The paper will move to the high-rise in Chicago's Loop next Tuesday.
Martin said the location is helping with recruiting. "We are now getting
applications from people for jobs at the Defender that I would say we
would not get in prior times," he said. "When I sent out queries for
positions we had available, frankly, we would not get top-notch people.
Now people with significant experience want to be part of this new Chicago
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'Buying Power' report shows black consumers spending more on home life
As the American economy continues to move sluggishly,
African-American households are curtailing their spending in many
categories, including food, clothing and basic household items, while
investing more in home repair, home entertainment and consumer
electronics. Although they are trimming back, black consumers are still
spending more than their white counterparts on most of these products.
According to the newest edition of “The Buying Power of Black America”
report, African-American households are tightening their belts when it
comes to dining out, expanding their wardrobes, and leisure activities out
of the home. At the same time, they are increasing their spending on home
repairs and remodeling, audio and...
Story and statistics
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