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 reports nearly 30 percent growth in net revenue for Q2 for $97.1 mil
(August 9, 2011) Radio One, Inc. reported its results for the quarter
ended June 30, 2011. Net revenue was approximately $97.1 million, an
increase of 29.3% from the same period in 2010. Station operating
income (1) was approximately $34.8 million, an increase of 22.5% from
the same period in 2010. The company reported operating income of
approximately $15.8 million compared to operating income of
approximately $13.8 million for the same period in 2010. The company
recorded a non-cash pre-tax gain of approximately $146.9 million
resulting from its increased ownership and controlling interest in TV
One which led to net income of approximately $98.6 million or $1.94 per
share, compared to net income of approximately $2.0 million or $0.04 per
share for the same period in 2010.
Alfred C. Liggins, III, Radio One's CEO and President stated, "The
addition of Cable Television to our segment reporting for the first time
in Q2 demonstrates the continued evolution of Radio One: core radio
revenues for Q2 now represent approximately 62% of the Company's
"Our radio performance suffered from difficult competitive situations in
Dallas and Houston, and sluggish economic recovery in our Mid-West
markets. Our on-line and mobile product offerings continue to develop,
and our losses at Interactive One narrowed considerably from the same
period last year. I anticipate radio revenues in the third quarter to
remain relatively flat, and we continue to focus on controlling the cost
base, while developing other revenue streams."
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...