Black-Owned TV Stations Nearly Extinct WASHINGTON (FinalCall.com)
Black TV station ownership dropped by 60 percent with the total number falling from 19 to eight and making Black ownership almost non-existent, according to a report.
The dwindling numbers of Black-owned broadcast outlets was also discussed during a Dec. 5 congressional hearing about media consolidation and how having fewer owners control more stations contributes to the problem.
“Minority television ownership is in such a precarious state that the loss of a single minority-owned company results in a disastrous decline,” said S. Derek Turner, research director of Free Press and lead author of “Out of the Picture 2007,” an updated analysis of the impact of consolidation on minority and female television station ownership.
“Permitting any more consolidation will only further diminish the number of minority-owned stations,” he warned.
