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Black Stats
Frequently requested
data on African American consumers
Black Buying Power:
$679 Billion (2004)
Black U.S. Population:
38.3 million
Top Five Black Cities
- New York
- Chicago
- Detroit
- Philadelphia
- Houston
Top Five Black Metros:
- New York-New Jersey
- Washington-Baltimore
- Chicago-Gary
- Los Angeles
- Philadelphia
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
Black America."
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Scott Mills named
president of BET’s newly created Digital Media Group
(January
31, 2007) Debra Lee, BET Networks Chairman and CEO, has named Scott Mills
as the President of the company's newly formed Digital Media Group.
Mills has been Chief Financial Officer of BET Networks since 2003, where
he is responsible for all financial functions, strategy and business
development, and research. In his business strategy and development
capacity, he led the creation of BET Mobile, BET's groundbreaking urban
mobile content subscription service; the consolidation of BET Networks'
ownership in BET.com; the launch of BET's digital video download offering
on iTunes; and the expansion of BET's VOD product.
"Scott's experience in the area of targeted digital media is
unparalleled," said Debra Lee. "He has successfully led the creation of
virtually all of BET's segment-leading digital brands, including our
online, on-demand, mobile and video download products. This digital
expertise, coupled with his keen understanding of our company and his
leadership insight make Scott the ideal person for the position.
Under Scott's direction, the Digital Media Group will be able to further
execute on our corporate strategy of delivering our brand, world-class
content and exciting applications to our audience and strategic partners
wherever and whenever they want."
Mills, who retains his position as Chief Financial Officer of BET
Networks, will lead the company's rapidly growing portfolio of digital
brands and oversee the continued development and implementation of the
company's digital strategy.
BET's Digital Media Group include BET.com, BET on Blast, BET on Demand,
BET Mobile and BET's digital video download offering, as well as those in
development. The Group will be responsible for the development and
implementation of the company's digital media strategies, the deployment
and management of BET Networks' assets in digital mediums and the
negotiation and execution of all digital distribution partnerships.
Prior to becoming CFO, he was Executive Vice President and Chief Operating
Officer of BET Interactive, the operating entity for BET Network's
flagship online portal BET.com. He oversaw the start-up of BET.com and led
the property to become the #1 online media platform for African Americans.
He joined BET in 1997 as Senior Vice President of Business Strategy &
Development, where he developed the business plan for BET.com and oversaw
a number of BET's new business ventures.
Before coming to BET in 1997, Mills had been a vice president with the
Lehman Brothers financial services firm for four years; and earlier in his
career served as deputy treasurer of the City of Philadelphia. Mills is a
native of New York, and received his Bachelor's of Science degree in
Economics from the Wharton School of Business at the University of
Pennsylvania.
BET Networks has been aggressively growing its digital brands and
extending its reach to serve its audience on every platform. With the
formation of the Digital Media Group, the company will enhance its digital
brands by implementing an integrated digital strategy and optimizing the
coordination of the company's assets in the digital space.
Go to Target Market News
homepage
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The
African-American
Book Publishing Authority
Now
in its eighth year of publication, Black Issues Book Review is
the only nationally distributed magazine devoted exclusively to covering the
latest news and reviews on black books. BIBR also provides up-to-date news on forthcoming author
signings, book fairs and book clubs.
Want this issue? Get it with your new subscription.
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A TARGET MARKET NEWS
PUBLICATION
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12th
Annual Edition Available
Latest
'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.
Story and statistics
continued
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