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Target Market News has introduced Black Business Chicago, a new monthly which will spotlight news and features on Chicago's African-American businesses, corporate executives and local economic issues. The publication will also be supplemented by a Web site, blackbusinesschicago.com, that will provide updated coverage of relevant business news on a daily and weekly basis between issues of the monthly print publication. Click for more ____________________________________

Buying Power report: Blacks spend as economy grows
New 16th edition shows $507 bil in spending



The finding comes from the 16th annual edition of "The Buying Power of Black America" report. In 2009, black households spent an estimated $507 billion in 27 product and services categories. ...

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July comScore report ranks Moguldom Media top online network for African Americans

(August 15, 2012) Moguldom Media Group reported that the July comScore report revealed it once again ranks as the world's largest network of owned and operated digital brands focusing on African Americans.

According to comScore Moguldom's five digital properties received over seven million unique visitors in July. StyleBlazer.com saw the highest growth of 4,564 percent to become the No. 1 fashion website for women of color. StyleBlazer's traffic doubled to four million unique visitors and 56 million page views since June, surpassing the reach of competing brands Essence.com (Time Warner) and HelloBeautiful.com (Interactive One) combined. These websites only reported 795,000 and 797,000 unique visitors, respectively.

The company also announced a 150 percent surge in revenue over the past 12 months. This year marks the seventh consecutive year of continued, rapid growth since  the Moguldom's launch in 2006. The company's expansion includes the addition of major Fortune 500 advertisers such as Procter & Gamble, Ford Motor Company and NBCUniversal, Inc.

Jamarlin Martin, founder and chief executive officer of Moguldom Media Group said the company's success "stems from our innovative model of reaching our audience through the triple threat impact of online, mobile and social integration. We know how to meaningfully engage our audience through authentic, relevant content across today's multi-channel landscape."

Moguldom's staff grew by 55 percent, and the company added a fourth office in Fort Lauderdale, FL. The firm also has offices in New York, Los Angeles, Atlanta and Fort Lauderdale.

Through its digital properties including Bossip, Madame Noire, StyleBlazer, Hip Hop Wired and 24Wired.TV, Moguldom's brands reach a total of 112MM page views per month.

Madame Noire grew 133.1 percent to become the No. 1 African American lifestyle website. Bossip continues its dominance as the No. 1 African American pop culture website across the iPad platform with an average growth of  200 percent over the past 6 months


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