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 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...
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 Black Stats  
Frequently requested data on African American consumers

Black Buying Power:
 $803 Billion (2008)

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 $166.3 bil.
 - Food $65.3 bil.
 - Cars/Trucks $31.5 bil.
 - Clothing $26.9 bil.
 - Health Care $23.9 bil.

Click here for more stats from "The Buying Power of Black America."
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Bureau Data

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Sharpton forms media firm, launches Sunday-morning show focused on education

By Paul Bond
The Hollywood Reporter
(September 13, 2010) The Rev. Al Sharpton has created his own media company and will launch a Sunday-morning syndicated TV show, he told The Hollywood Reporter on Monday.

The controversial civil rights advocate will unveil his 30-minute show, "Education Superhighway," Thursday morning at the Congressional Black Caucus Foundation's 40th Annual Legislative Conference. It's already cleared in 150 markets, including KCOP in Los Angeles.

Sharpton's media company, ESH Holdings (named after the series' initials) will produce the TV show as well as a planned print magazine.

The TV show, which begins airing Sept. 26, consists of news and roundtable discussions primarily about education. Guests already lined up include Bill Gates, Newt Gingrich, Secretary of Education Arne Duncan and president of the American Federation of Teachers Randi Weingarten.

Sharpton is a frequent commentator on cable news outlets, including The Fox News Channel, where he's often highlighted as the voice of dissent on shows like "The Sean Hannity Show" and "The O'Reilly Factor."

The new TV show will not cut into his time as a guest on other shows. "Bill O’Reilly and I can’t even agree that we’re on the same channel, anyways," Sharpton quipped to THR.

The former presidential candidate once had his own reality TV show, "I Hate My Job," that ran on Spike TV for a year beginning in 2004, and he hosts his own radio show.

Sharpton first shot to nationwide fame in 1987 when he took on the cause of Tawana Brawley, a 15-year-old African American girl who claimed she had been raped by six white men, including some police officers. A jury determined she made up the story, but the fiery oratory that Sharpton displayed throughout the fracas cemented his reputation in the media as a spirited and quotable civil rights leader.

Sharpton has also faced controversy over the positions he has taken that some deem anti-Semitic, such as when he referred to Jews as "the diamond merchants right here in Crown Heights."

Sharpton told THR that if there is anything controversial about his new show it will come from those who "want education to remain mediocre."

"If Newt Gingrich and I could tour the country together ... at the request of President Obama, and they are like oil and water ... then that shows that this is one issue that all Americans should unite over;" Sharpton said. "Newt and I don't agree on anything at all  -- not even that today is Monday -- but we do agree that we have an education problem."

Education has become a hot-button issue, with "Waiting for Superman," a documentary chronicling problems in the public and charter school systems, slated to hit theaters this month.



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