Tag: Black Media

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Business

Memphis Tri-State Defender gets new ownership

Publisher and President Bernal E. Smith II has engineered a deal that brings local ownership to the TSD. (Photo: Warren Roseborough) For the first time in its storied 62-year history, the Memphis Tri-State Defender will be both locally owned and operated. Following an extended period of discussion and negotiations, Real Times Media, Inc. (RTM) has agreed to sell the assets of Tri-State Defender, Inc. (TSD) to BEST Media Properties, Inc., a Tennessee Corporation established by current TSD President and Publisher, Bernal E. Smith II.

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Business

Black media slighted as spending power exceeds $1 trillion

“Resilient, Receptive and Relevant: The African-American Consumer 2013 Report”. (Courtesy Photo) Although annual Black spending is projected to rise from its current $1 trillion to $1.3 trillion by 2017, advertisers allot only 3 percent of their $2.2 billion yearly budget to media aimed at Black audiences, a new Nielsen report has found.

Metro

Wheatley wins convention vote, says ‘We can shake the world’

CARL REDWOOD CASTS VOTE (Photo by J.L. Martello) To almost no one’s surprise, mayoral candidate state Rep. Jake Wheatley, D-Hill, won the endorsement of African-Americans voting in the Pittsburgh Black Political Convention poll.Wheatley, is one of two African-Americans running for mayor, and was once an aide to former city Councilman Sala Udin, who organized the endorsement effort and called the result an “unqualified success.”