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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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Former Essence editor-in-chief launches site for young women

(November 23, 2012), a new high-quality digital network aimed at young women of color, has made its debut. Co-founded by award-winning journalist and former Essence magazine editor-in-chief Angela Burt-Murray (pictured) and leading digital media strategist Shelly Jones Jennings, is part of the Cocoa Media Group, a new company that focuses on creating a fun and entertaining network of web sites, apps and original video series for young women of color. is a dynamic celebrity news and style site covering urban pop culture. With up-to-the-minute news, exclusive interviews, fashion and beauty trends, red carpet photos, vibrant social media engagement and original weekly web series the team plugs their audience of pop culture obsessives into the daily conversation about fashion, music, movies, TV and the stars they love.

The site launches with a target of 100,000 unique visitors per month; features six original weekly web series focused on entertainment and style; and offers an array of original and aggregated content online and via social media.

"We launched Cocoa Media Group to speak to the passion points of dynamic young women of color who are digital and social media super users with an insatiable appetite for what's new and what's next," said Burt-Murray. "Our first site, is a stylish daily destination featuring premium content and TV-quality video produced and curated especially for this influential, trendsetting audience."

With an eye on the next generation of tech innovators, Cocoa Media Group also seeks to inspire and empower young girls through strategic partnerships with organizations focused on introducing technology skills to teens and girls, and sponsorship of events like

Prominently positioned above the fold, TV features all of the site's original programming, video partnerships, TV shows, movie clips, music videos and more. currently offers six series-formatted shows and has several other shows in development.

"We've made a strategic investment in the development of original video series to meet our audience's desire for high-quality, authentic and engaging content that she can access online, on her phone or tablet," says Jones Jennings. "And with the help of our partners we are taking a network approach to launching our video portal TV in Q1 2013 and plan to develop compelling new entertainment, style and reality TV programming.

Mondays: On StarStyle with Daisy Lewellyn, viewers get the inside track on how to recreate red-carpet ready looks like their favorite stars in this weekly makeover show shot on location in New York City's most fashionable boutiques and designer showrooms. (2 Seasons: 5 episodes each)

Wednesdays: Sure to be a fan favorite is the high energy, tell-it-like-it-is entertainment news show The Countdown with Dana Johnson. Giving viewers a weekly rundown of the hottest news in music, movies and TV, Johnson will also update the who, what, where and WTH of viewer's favorite reality shows and celebrity sightings. (2 Seasons: 5 episodes each)

Thursdays: TV Atlanta correspondent Rita Davis grants viewers VIP access to one of the country's top emerging media markets, on the series Rita's Radar, introducing the "peach carpet" and the hottest stars and style in Hollywood of the South viewers. (2 Seasons: 5 episodes each)

Fridays: Designed to be a shoppers best friend, Fab Five counts down the most stylish new beauty and hair products, IDs new fashion trends, designers and boutiques, new tech toys and offers insider access to exclusive deals and discounts just in time for viewers to hit the mall over the weekend. (2 Seasons: 5 episodes each)

Weekly:'s New York and Atlanta based correspondents hit the streets on Mouthing Off to take the pulse of everyday people on the days most buzz-worthy topics, red-carpet catastrophes, makeover mishaps, celebrity meltdowns and more.

Angela Burt-Murray is the co-founder and CEO of Cocoa Media Group and former editor-in-chief of ESSENCE magazine. While at ESSENCE Burt-Murray oversaw the editorial direction for the magazine as well as from 2005-2010. Burt-Murray also successfully expanded the ESSENCE brand into books, television and live events. She has also held leadership positions with Teen People and Honey magazines and is the author of the novel "The Vow."

Shelly Jones Jennings is Cocoa Media Group's chief technology officer and oversees the network. A proven leader in the strategic digital communications and systems space, Shelly has consulted for top organizations such as Ogilvy and Mather and Accenture. She has also served as executive producer at Essence Communications where she oversaw the successful relaunch of the web site and developed several award-winning video initiatives.

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