HOME | STATS | PUBLICATIONSREGISTER | ADVERTISE  | CONTACT US | SEARCH


 Register Here 
STAY IN-THE-KNOW!
Are you getting the latest industry news when it happens via e-mail
?



Click here for free delivery of the Target Market News Bulletin
You'll receive news of breaking stories, exclusives, updates and headlines on the latest developments in African American marketing and media


 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.
______________________
Q
uick access to key stats
U.S. Census 
Bureau Data

Click here to go to African-American Census Bureau data

_____________________


Copyright
(c) 2010 by
Target Market News Inc.

All rights reserved
Business address:
228 S. Wabash Ave.
Suite 210
Chicago, IL 60604
t. 312-408-1881 
info@targetmarketnews.com

Katz Media president Stu Olds, supporter of Urban radio, dies at the age of 60

(December 7, 2010) Katz Media's President and CEO, Stu Olds died early Saturday morning after a battle with Myelodysplastic syndrome, or MDS, a type of leukemia. Old, a thirty-year veteran of the radio industry, was one of the business' most respected executives.

Among Olds' last public speaking engagements was this past September's Power of Urban Radio and NABOB where he re-affirmed Katz Media Group's commitment to the success of Urban radio and greater diversity in the broadcast industry.

"I was deeply saddened to hear of Stu's passing," said Jim Winston, executive director of NABOB. "He was always a strong supporter of NABOB and a genuine ally for urban radio. He will be sorely missed. NABOB send its thoughts and prayers to his family."

"Stu Olds was an icon in the national radio representative stage." said Sherman Kizart of Kizart Media Partners. "He single-handedly distinguished the Katz Radio brand as the dominant national radio entity over the past 20 years. He took the infamous Katz memo in 1999 and transformed the Katz Media Group's commitment to Urban radio and diversity. He will be greatly missed."

Olds, who was 60, was named CEO of the Katz Media Group in 2000. He started in Katz's Chicago office in 1977, and worked his way up to President of Katz Radio in 1987 and President of the Katz Radio Group in 1994.

A memorial service and the family's intentions regarding cards and contributions will be announced soon.


Go to Target Market News homepage

RECENT STORIES
Universal Pictures names Talitha Watkins, Fabian Castro VP Multicultural Marketing

Diverse: Issues In Higher Education magazine launches Websites

Minority, civil rights groups back Rep. Rush for top Dem on subcommittee

Future growth in the digital population expected to come from minorities

Black TV Ratings for Week of November 8 - 14 'Detroit 1-8-7' gives ABC most watch network title but is still being canceled

Black Cable TV Ratings for Week of Nov. 8 - 14 Cable viewing among black households continues to show strong growth

Columbia College president issues statement on purchase of JPC building

Johnson Publishing Co. to sell its iconic headquarters to Columbia College

Johnson Publishing Co. names Judene Walden Vice President of Integrated Sales

Wells Fargo, Rainbow PUSH launch financial education program

Click here for more recent news stories and our news archive

 


 JUST RELEASED
New 'Buying Power' report: Black consumers spend as economy grows
Details $507 billion in expenditures

(November 1, 2010) 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 soon to be issued 16th annual edition of "The Buying Power of Black America" report.

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...

Story continued...






_________________________________________________________________________________________