Annual Edition 'Buying Power of
Black America' report breaks down billions in expenditures Black
consumers are responding to tighter economic condition by focusing more of
their spending on items and services that improve their homes and
lifestyle. That's one of the trends revealed in the 15th annual report,
"The Buying Power of Black America," published by Target Market News. The
report analyzes spending for black households in 2008 and finds that
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Clear Channel donates two more stations to MMTC minority ownership
(July 24, 2010) Clear Channel Radio will donate two additional stations
to the Minority Media and Telecommunications Council (MMTC) through the
MMTC-Clear Channel Ownership Diversity Initiative, an ongoing program to
expand ownership and training opportunities for minorities, women, and
other underserved groups. Also today, Clear Channel and the MMTC
announced that two of four AM stations previously donated to MMTC along
with other equipment will be re-launched with new minority operators and
executives. The rigorous screening process, determined by the MMTC,
focused on candidates who could best serve their respective communities.
"By donating these two additional stations, we're helping to create more
opportunities for those who want to excel in the radio industry," said
John Hogan, President and CEO of Clear Channel Radio.
The two newly donated channels are:
- KFXN-AM, Minneapolis, MN
- WTOC-AM, Newton, NJ, Sussex County
Last year at MMTC's conference, the company donated a transmitter to the
MMTC, as well as four AM stations: WHJA AM (Laurel, MS), KYHN (Fort
Smith, AK), KYFX (Wabasha, MN), and WYNF AM (North Augusta, SC).
WHJA-AM and WYNF-AM Awards Near Completion
WYNF-AM has been awarded to Shannon Renee deMedicis of Medici Media,
Inc., and WHJA-AM was awarded to Jeffrey Hedgemon, CEO of Full Spectrum
Broadcasting. The MMTC is now working with Renee deMedicis on WYNF and
Jeffrey Hedgemon on WHJA. Pending financing and final diligence, the
stations will be operated under LMAs.
"Shannon and Jeffrey have demonstrated exceptional work and decades of
experience in media and broadcasting," said David Honig, President and
Executive Director of MMTC. "We're confident that, with the resources
provided by Clear Channel Radio and MMTC's cooperation with the NAB
Education Foundation, we can further support Shannon and Jeffrey so that
they can provide a meaningful resource for news and entertainment to
their communities. We're excited to continue our work with Clear Channel
to progress diversity in broadcasting."
Shannon Renee deMedicis is Owner and President of Medici Media, Inc. She
brings nearly 25 years of advertising and broadcast experience to her
new responsibilities at WHJA-AM. Her past experience includes radio
sales for companies like Billboard as well as several local radio
stations in Georgia. Shannon also served as the LMA Operator for WNRR
1230 AM in August, Ga.
Jeffrey Hedgemon serves as President/CEO of Full Spectrum Broadcasting
and has 40 years of experience in broadcasting. He began his
broadcasting career in 1970 at WXOK AM in Baton Rouge, La., as a
part-time radio announcer while in high school. During his career,
Jeffrey has worked on-air as well as in programming, production and
sales and corporate management.