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
Earvin 'Magic' Johnson reportedly making moves on Inner City
(May 23, 2011) According to published reports, basketball Hall of Famer,
Earvin "Magic" Johnson, is quietly making moves that could result in
acquiring controlling interest in Inner City Broadcasting Corp. and its
flagship radio stations in New York, WBLS-FM and WLIB-AM.
Thedeal.com reported that ICBC's debt of over $230 million currently
held by Goldman Sachs and GE Capital will be changing hands to Magic
Johnson Enterprises and Ron Burkle's Yucaipa Companies. The pair have
already joined forces to make a number of media moves.
The MJE and Yucaipa partnership earlier this year purchased controlling
interest in Vibe Holdings, which includes Vibe and Uptwon magazines, and
the Soul Train TV archives and name. Most recently it made moves to buy
three FM stations in the Phoenix metro area.
The debt transfer does not mean that Johnson and Burkle own Inner City,
but the move could mean that the less desirable of ICBC's 17 radio
stations could be sold.
Inner City Broadcasting Corporation was founded in 1971 by Percy Sutton,
the New York-based lawyer, civil rights activist and politician who
passed in 2009. ICBC owns radio stations in New York, New York; San
Francisco, California; Philadelphia and Pittsburg, Pennsylvania; Fort
Lauderdale, Florida; Columbia, South Carolina; and Jackson, Mississippi.
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...