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
Legendary urban radio chain, Inner City Broadcasting bought by Yucaipa
(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.
Target Market News
The Nielsen Co.
U.S. Census Bureau
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...