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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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Legendary urban radio chain, Inner City Broadcasting bought by Yucaipa Companies

(July 28, 2011) The industry newsletter, Inside Radio, is reporting that Inner City Broadcasting, one of the largest black-owned chain of radio stations, is in the process of being acquired by two privately-held investment firms. The new largest shareholder will be Yucaipa Companies, a private equity firm owned by billionaire Ron Burkle.

Yucaipa had earlier acquired Inner City’s long standing debt from its creditors. The other owner is Fortress Capital, which received its shares from acquiring the debt of GE Capital.

Burkle has teamed up with Earvin “Magic” Johnson most recently to acquire minority media companies. Most recently, they bought majority stakes in Vibe Holdings, which included Vibe and Uptown magazines, and rights to the Soul Train TV show, its name and archives.

Inside Radio reports that Pierre “Pepe” Sutton, ICBC chairman and son of founder Percy Sutton, will remain on the payroll in an unspecified capacity. Inner City owns 18 radio stations in seven markets, including its flagships, WBLS-FM and WLIB in New York.

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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...

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