Systemic racism in the advertising industry has left Black-owned media with a fraction of the advertising dollars that should be flowing their way, argues Byron Allen, owner of The Weather Channel and founder of Entertainment Studios and Allen Media Group. Allen, who maintains big marketers can ameliorate the problem by devoting 2% of their advertising spend on Black-owned media, will press his case during a TVNewsCheck webinar, Black Owned Media Matters, set to take place Thursday, April 15, at 1 p.m. ET. Register here.
Entertainment mogul Ice Cube, through his Big3 basketball league, is trying to put together a competitive bid for the Fox regional sports networks as the auction shifts into high gear. In recent weeks, the rapper approached media company Viacom Inc. for help with Big3’s bid for the 22 regional networks, according to a person close to the situation who was not authorized to comment.