News

Should Black Women Invest in Buying Black Owned TV Stations?

By  |  128 Comments

black owned

By Daphne R

Did you know that African Americans watch more television than any other race? It’s true, but yet there are no black-owned stations in existence today. There were once several stations owned by Roberts Broadcasting, a St Louis based company, but now the company has lost stations in three cities, according to The Root. Perhaps now would be a good time for black women to enter the market to purchase stations.

Joseph Torres and Derek Turner of Free Press said, “We just experienced a shameful milestone in the history of U.S. media – and barely anyone noticed.”

Free Press reports that there are now zero black-owned and operated full power television stations in the U.S., with the exception of two stations purchased recently by commentator Armstrong Williams. However, Free Press doesn’t count Williams because the two stations he has were actually acquired by Sinclair Broadcasting Group, Inc. and turned over to him. The Federal Communications Commission (FCC) records show that the stations are owned by Sinclair and not Williams, although he claims to have been approved for $50 million loan.

Regardless, the thought of only a few black owned television stations is alarming. African American owned stations dropped from 12 in 2009 to 10 in 2011, which represents less than 1 percent of the overall 1,348 full-power television stations location in the U.S.

The three remaining stations that were owned by Roberts Broadcasting were placed into a trust by the U.S. Bankruptcy Court of the Eastern District of Missouri after the company filed for Chapter 11 Bankruptcy. Their creditor ION Media Network will be the beneficiary of the trust.

Torres and Turner state that this trend began back in 1990 when the FCC allowed massive consolidation in broadcasting and ensured that it would be nearly impossible for new owners to access public airwaves.

Wouldn’t it be great to see a group black investors pool their resources to purchase not just black owned networks, but black-owned tv stations? It takes more than just ownership, we as black people must support the station’s programming and advertisers as well. Do you think we can do it?

 

__________

Daphne R is an experienced marketing and communications professional that provides social commentary, self-help, tips, and reports news of events that matter to African Americans.

128 Comments

  1. Melody

    December 27, 2013 at 7:58 pm

    The only way to change the image of the black woman on tv is via ownership of our station and programming. We need more shonda Rhimes, Magic Johnson’s and Oprah’s to underwrite this venture.

  2. Susan

    December 28, 2013 at 11:06 pm

    Why in particular do you refer to Black women and not Black men owning
    a television station??? Why are we leaving the Black Man out of this
    topic? Black own period, be it male or female….

  3. Pingback: buy sildenafil

  4. Pingback: canadian pharmacy online

  5. Pingback: generic cialis online

  6. Pingback: generic levitra online

  7. Pingback: vardenafil 20 mg

  8. Pingback: vardenafil generic

  9. Pingback: empire city casino online

  10. Pingback: online gambling

  11. Pingback: viagra for women

  12. Pingback: real online casino

  13. Pingback: real money casino

  14. Pingback: tadalafil cialis

  15. Pingback: cash advance

  16. Pingback: loan online

  17. Pingback: cash advance

  18. Pingback: viagra pills

  19. Pingback: gambling casino online

  20. Pingback: online roulette australia real money

  21. Pingback: best casino bonus first deposit

  22. Pingback: empire casino online

  23. Pingback: Casinos 2020

  24. Pingback: 20 cialis

  25. Pingback: new cialis

  26. Pingback: buy cialis

  27. Pingback: cialis to buy

  28. Pingback: real money casino

  29. Pingback: casino games

  30. Pingback: online casino gambling

  31. Pingback: real money online casinos usa

  32. Pingback: viagra online pharmacy

  33. Pingback: viagra without a doctor prescription

  34. Pingback: viagra online canada

  35. Pingback: tadalafil 5 mg

  36. Pingback: cialis 5mg

  37. Pingback: generic cialis tadalafil

  38. Pingback: buying cialis online safely

  39. Pingback: play casino

  40. Pingback: real casino

  41. Pingback: http://viagrabs.com/

  42. Pingback: cialis otc

  43. Pingback: canadian cialis online

  44. Pingback: goodrx cialis

  45. Pingback: otc viagra

  46. Pingback: viagra without doctor prescription

  47. Pingback: order viagra

  48. Pingback: cialis results

  49. Pingback: viagra 120 pills

  50. Pingback: cialis coupon online

  51. Pingback: cialis pills for sale

  52. Pingback: viagra 50mg prices

  53. Pingback: buy viagra in canada online

  54. Pingback: everest car insurance quotes

  55. Pingback: Buy viagra canada

  56. Pingback: can you buy viagra in the uk

  57. Pingback: cleocin 150mg generic

  58. Pingback: buy clonidine

  59. Pingback: symbicort inhaler united kingdom

  60. Pingback: cialis free offer

  61. Pingback: cheap viagra professional

  62. Pingback: Generic viagra usa

Leave a Reply

Your email address will not be published. Required fields are marked *