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Black Stats
Frequently requested
data on African American consumers
Black Buying Power:
$679 Billion (2004)
Black U.S. Population:
38.3 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 110.2 bil.
- Food 53.8 bil.
- Cars/Trucks 28.7 bil.
- Clothing 22.0 bil.
- Health Care 17.9 bil.
Click here for more stats from "The Buying Power of
Black America."
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Black-owned Florida media firm plans
statewide black newspaper
By
Eric Deggans
St.
Petersburg
Times
(December 17,
2005) Glenn Cherry still remembers the reaction from a group of white
publishers when he broached the idea of creating Florida's first
statewide, black-focused newspaper.
"They
said, "Why?"' recalled Glenn Cherry, who serves as general manager of
WTMP-1150 AM in Tampa and president/CEO of Tama Broadcasting, the state's
largest black-owned media company. "It's an expense they don't see as a
revenue source. But when you put the numbers down and you think about it -
(advertisers) could make one stop and capture so many people."
Working with his brother Charles, Glenn Cherry has developed plans for a
weekly paper called the Florida Courier, which would circulate across the
state with black-focused news from a multitude of communities. Initially,
the Cherrys hope to get 100,000 copies circulated in five markets:
Tampa/St. Petersburg,
Orlando, Jacksonville,
Tallahassee and Fort Lauderdale/West Palm Beach/Miami; by the end of 2006,
they plan to have 300,000 copies available each week.
At a time when big newspaper chains have announced space cutbacks,
shrinking circulation numbers and massive layoffs, the Cherry brothers
will stake their family-owned company's future on a corner of the media
business increasingly seen as outmoded and in decline.
In the process, they will create a type of publication that exists almost
nowhere else in the nation - a statewide newspaper focused on Florida's
nearly 3-million black people.
"Once word gets out in the community, we think there will be demand for
it," said Charles Cherry II, who will supervise content and distribution,
while brother Glenn focuses on advertising sales.
"Black folks, for example, are disproportionally affected by Taser
deaths," added Cherry, who currently serves as publisher of the Daytona
Times and the Florida Courier, two black-focused newspapers (combined
circulation: 25,000) owned by Tama Broadcasting. "We think we can provide
a much wider look at issues which nobody else in the state is bothering to
do."
Stacks of a prototype issue sit in Glenn Cherry's offices at WTMP,
depicting a colorful, USA Today-inspired broadsheet with sections on
Sports, Business, Living and Faith. Charles Cherry consulted with staff at
the Poynter Institute for Media Studies, which owns the St. Petersburg
Times, to find a graphic artist who could help redesign their existing
newspapers and create the look of their new one.
Stories in the prototype range from a profile of singer Jeffrey Osbourne
to a look at Daytona-area businesses helping victims of Hurricane Katrina.
One nod to the old school: a cheesecake photo of a bikini-clad woman just
above the weather map on the first section's back page. See an online
version of each section front at www.flcourier.com.)
To make this venture work, the brothers must craft deals in three zones to
print the newspaper:
South Florida,
West Florida and North/Central. Their editorial staff alone must expand
from eight people now at their current papers to a network of 25 to 30
people - mostly freelancers.
They expect to circulate the paper free for at least three months,
distributing copies at grocery stores and barber shops while cultivating
subscription delivery by mail in hopes advertisers will soon see the value
of a statewide reach. And though the Cherrys wouldn't release specific
cost figures - they plan on financing the venture themselves - one media
analyst predicted such a project could cost anywhere from $3-million to
$10-million.
"There are lots of potential advertisers out there who have not utilized
the black press," said Glenn Cherry, who estimated about 1.8-million black
people live in the five metropolitan areas they have targeted. "The Wal-Marts,
the Targets the Walgreens ... you see them sporadically in the black press
because circulation numbers aren't large enough for them. We've had
conversations with sponsors who have shown a lot of interest."
For years, the two brothers have run the print and broadcasting ends of
Tama Broadcasting from opposite sides of the state, with Glenn in
Tampa overseeing 11 radio
stations in Florida, Georgia and South Carolina, while Charles leads the
two newspapers in
Daytona Beach
and Fort Pierce. According to a recent listing in Power Brokers magazine,
Tama is the eighth-largest black-owned business in the Tampa Bay area,
with 2004 revenues of $3-million.
They had discussed the idea of a statewide newspaper before their father,
patriarch Charles Cherry, was diagnosed with colon/rectal cancer in 2004.
But work on the project stalled while the family coped with the elder
Cherry's illness; after his death in November 2004, the brothers returned
to their plans.
"We stand on the tradition of advocacy in the black press," said Charles
Cherry II, noting that their Daytona Beach paper has published for 20
years, while the
Fort Pierce outlet has published for 18 years. "We have a passion for
our community. The fact that this is a great business opportunity is
wonderful, too."
While some Spanish-language newspapers in different markets have attempted
to unify their advertising and content, few black-focused publications
have tried anything similar. And with at least 20 black-focused newspapers
already in
Florida, the competition may be steep.
According to officials at the National Newspaper Publishers Association, a
trade association for black-focused newspapers, the 25,000-circulation
Arizona Informant is the only other statewide, black-focused newspaper in
the country. Started 34 years ago, the publication was an attempt to unite
the state's small numbers of geographically separated black people.
"It's going to be hard to crack those cities which already have
established African-American publications," said Informant editor Clovis
Campbell Jr. "Unless they offer something unique, with some unique
information ... they're going to be wasting paper and ink and eventually a
lot of money."
Ken Smikle, president of the black media news and research firm Target
Market News, said advertisers might be attracted by Florida's large
numbers of black people - at nearly 3-million, its black population was
second-largest in the nation in 2003 - and an earning power of $46-billion
statewide.
"All of these markets already have black radio stations that are
well-established and advertisers already using black-focused media,"
Smikle said. "The pitfall might be that they spend too much money
marketing the publication to an audience that doesn't respond, at least
initially."
But with plans to roll out their first issue the week of Martin Luther
King Jr. Day, the Cherry brothers are convinced they have a winning
approach.
"In my mind, the measure of success will be the buzz ... the response in
the community," Charles Cherry said. "People are loyal to a product (when)
they feel it has the interests of the community at heart. That credibility
is hard won, but we can earn it."
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12th
Annual Edition Available
Latest
'Buying Power' report shows black consumers spending more on home life
As the American economy continues to move sluggishly,
African-American households are curtailing their spending in many
categories, including food, clothing and basic household items, while
investing more in home repair, home entertainment and consumer
electronics. Although they are trimming back, black consumers are still
spending more than their white counterparts on most of these products.
According to the newest edition of “The Buying Power of Black America”
report, African-American households are tightening their belts when it
comes to dining out, expanding their wardrobes, and leisure activities out
of the home. At the same time, they are increasing their spending on home
repairs and remodeling, audio and...
Story and statistics
continued
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