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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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4As diversity panel says more execs of color needed at top of media firms

By Wayne Friedman
Mediapost.com
(March 2, 2007) A panel on diversity at the American Association of Advertising Agencies' media conference concluded there has been insufficient progress--either in staffing at media agencies or with the media itself.

"It's not a social issue — it's a business issue," said Eugene Morris, chairman/CEO of minority-focused marketing agency E. Morris Communications, who was moderating a panel at the conference.

Morris complained that little has changed in terms of executive diversity at media agencies over the years he has been in the business. "If I brought all the people of color together, we couldn't fill up the front row," he said, in reference to the room where the panel was being conducted. "So we have a lot to do."

Johnathan Rodgers, chief executive officer of TV One, a cable network that emphasizes African American programming, said this situation extends to the media itself. "For years, there was only one black channel: BET." But he added that during that time, there were multiple other sports, news and music channels launched. TVOne was launched just a few years ago, hoping to grab the middle-aged African American viewers that BET doesn't attract. Rodgers said the average age of a BET viewer is around 22 years old.

Rodgers said that apart from two African-American-focused shows on CW, there isn't much diversity on air. "The diversity of voice has to start at the top," he added. A couple of years ago Viacom bought out BET; for years, the network had been an African American-owned media business.

Monica Gadsby--CEO of Tapestry, the multicultural media agency of Starcom Mediavest Group--said it wasn't enough just to recruit minorities at colleges and other places, which Tapestry had done. The goal was to offer long-term opportunity to keep executives in the business.

"We focus on recruitment and retention," she said.

Linda Jefferson, senior vice president of integrated-marketing strategy at Burrell Communications Group, said she knows about retention from her own personal experience--especially when she was promoted. "The challenge was who replaced me," she said.

On the multicultural research front, TVOne's Rodgers noted that Spanish-language networks have made big gains, but that media research of African-Americans lagged behind. Gadsby said research has made "tremendous progress, but we are not there yet. But we are also not there in the general [media] space."



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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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