15th
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
African-Americans...
Story continued... _________________
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Ross Love, one of radio's largest black owners and former P&G vice
president, dies
(August
10, 2010) Ross Love, one of radio's most successful and trailblazing
entrepreneurs, died of an undisclosed caused at a hospital in Cincinnati
hospital the morning of August 10th. He was 64 years old.
Love moved into radio ownership in 1995 after leaving Procter & Gamble
where he was vice president of marketing. The first acquisition for Love
and his partners was WDBZ "The Buzz," Cincinnati's most popular black AM
radio station. Over the next six year, his company, Blue Chip
Broadcasting, would purchase 19 more stations targeted to
African-American listeners across the Midwest, making it the largest
black-owned radio company in the U.S.
In 2001, Blue Chip its radio properties, except for WDBZ. That station
was sold in 2007 to Radio One, which had been operating it under a local
marketing agreement.
Love was born May 28, 1946 in Yeadon, Pa. He attended Syracuse
University and obtained a bachelor's degree in political science in
1968. Following graduation, he took a position at Procter & Gamble and
ultimately rose to post of VP of marketing in 1988. He stayed with P&G
until his retirement in 1996.
For the past nine years he has been president of Blue Chip Enterprises,
a firm that owns J&M Precision Machining and invests in start-up
businesses owned by African-Americans.
