Black-Owned Television Channel
“There are now zero Black-owned and operated full-power TV stations in our country,” District Chronicles wrote. Yes, you read right. Zero! In 2006, we had 18 Black-owned TV stations. By 2012, that number shriveled down to five. By 2014, zilch.
But there is hope. The Black Television News Channel (BTNC), a station created by African Americans for African Americans, is on the horizon. Using a price-per-subscriber business model, BTNC’s valuation is expected to reach $2 billion at launch. Don’t let BTNC monopolize this niche — consider investing in this sector. But, of course, it won’t be cheap; BTNC requires $15 million in start-up costs. Whew!