Black Stats Frequently requested
data on African American consumers
Black Buying Power:
$836 Billion (2010)
Black U.S. Population:
Top Five Black Cities
- New York
Top Five Black Metros:
- New York-New Jersey
- Los Angeles
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. ______________________
Quick access to key stats
Click here to go to African-American Census Bureau
2011 by Target Market News Inc. All rights reserved
228 S. Wabash Ave.
Chicago, IL 60604
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."
ORDER TODAY! New
"Buying Power" report: Black consumers spend as economy grows Details $507
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...