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 Black Stats  
Frequently requested data on African American consumers

Black Buying Power:
 $836 Billion (2010)

Black U.S. Population:
 41.1 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 $203.8 bil.
 - Food $65.2 bil.
 - Cars/Trucks $29.1 bil.
 - Clothing $29.3 bil.
 - Health Care $23.6 bil.
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Radio One reported first quarter revenue growth of 10% to $65 million

(May 17, 2011) Radio One, Inc. reported its results for the quarter ended March 31, 2011.  Net revenue was approximately $65 million, an increase of 10.2% from the same period in 2010. Station operating income remained flat at approximately $17.8 million, for both periods ended March 31, 2011 and 2010. The company reported operating income of approximately $5.5 million compared to operating income of $3.8 million for the same period in 2010.

Net loss was approximately $64.2 million or $1.23 per share, an increase in the amount of the net loss of $4.6 million or $0.09 per share, for the same period in 2010.  Approximately $0.88 per share of the net loss is the result of a non-cash charge related to its provision for income taxes.  The amount reflects the increase in deferred tax liabilities associated with the amortization of certain of the company's radio broadcast licenses for tax purposes.

Alfred C. Liggins, III, Radio One's CEO and President stated, "Q1 2011 was challenging with our overall radio net revenues down 1.5% in the first quarter compared to last year. Reach Media net revenues increased 83.8% and were impacted by Reach Media assuming operational and financial control and responsibility for the ongoing cruise event, the Tom Joyner Fantastic Voyage. The [event] took place in March 2011 and generated approximately $6.6 million of revenue for Reach Media. Our internet business revenues increased 1.0% this quarter compared to the first quarter of 2010; we continue to believe that our on-line platform will be a major source of revenue and growth for the future."


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 ORDER TODAY!
New "Buying Power" report: Black consumers spend as economy grows
Details $507 billion in expenditures

African-American consumers are cautiously increasing their spending in some key product categories, even as they continue to make adjustments in a slowly growing economy. The finding comes from the 16th annual edition of "The Buying Power of Black America" report published by Target Market News..

In 2009, black households spent an estimated $507 billion in 27 product and services categories. That's an increase of 16.6% over the $435 billion spent in 2008. African-Americans" total earned income for 2009 is estimated at $836 billion...

Story continued...






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