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 Black Stats  
Frequently requested data on African American consumers

Black Buying Power:
 $836 Billion (2010)

Black U.S. Population:
 41.1 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 $203.8 bil.
 - Food $65.2 bil.
 - Cars/Trucks $29.1 bil.
 - Clothing $29.3 bil.
 - Health Care $23.6 bil.
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Radio One expects Q1 revenue to increase by 10.9%; stock repurchase approved

(April 18, 2011) Radio One has announced preliminary results for the quarter ended March 31, 2011. It anticipates net revenue of approximately $65.4 million, an increase of $6.4 million from the same period in 2010, an increase of 10.9%. Station operating income is anticipated to be approximately $17.2 million to $18.2 million for the three months ended March 31, 2011.  The company also expects a net loss of $0.37 to $0.39 per share for the quarter ended March 31, 2011. 

Radio One also announced that its Board of Directors has approved a stock repurchase authorization to of up to $15 million worth of its Class A and/or Class D common stock prior to April 13, 2013. 

Additionally, Radio One expects that TV One will redeem the ownership interests held by DIRECTV on or about April 30, 2011.  One effect of the redemption will be to increase the ownership interests of the remaining members, increasing Radio One's ownership to approximately 50.8 percent.

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 ORDER TODAY!
New "Buying Power" report: Black consumers spend as economy grows
Details $507 billion in 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...

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