NABOB Wants Action on 'Vastly Unacceptable' Lack of Black-Owned Broadcasters
A “vastly unacceptable” lack of station ownership by minorities contributes to unrest and concerns about racial inequality, said the National Association of Black Owned Broadcasters in a statement Monday. “If our corporate and government leaders are serious about effecting change,…
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they should include plans to strengthen the voices of the Black community over the nation’s airwaves.” African Americans are 13% of U.S. population but own 1.6% of commercial radio stations, 1.8% of TV, NABOB said. Black broadcasters are also hampered by advertisers, agencies and government entities that don’t advertise on black-owned stations, financial institutions that “refuse to invest in or loan money to Black owned broadcasters,” FCC policies that promote media consolidation, and “the failure of the largest media companies to include adequate levels of Black participation on their boards,” NABOB said. The group urged advertisers and investors to reverse such policies, called for reinstatement of the minority tax certificate, and said the FCC “should restrict industry consolidation, not promote it.”