Black and other minority broadcasters begging for a bailout (but strangely … no Cathy Hughes):
It’s the recession and everyone’s broke, but in the media world, no one is more financially-challenged than minority-owned broadcasters (save maybe minority-owned newspapers). A group of broadcasters have now reached out to Fed Chairman Timothy Geithner looking for a financial hand-out (or hand-up depending on how you view it). What’s surprising is how out of all the broadcasters listed on the letter no one from Radio One is there. The black-owned, Cathy Hughes-founded entity was trading on the stock market for less than a four-piece chicken McNugget a month ago. If anyone need an assist, it’s them. But they seem to be absent in this S.O.S. Perhaps Cathy’s got a hold card we don’t know about that’s above this kind of begging.
Read the rest at The Retort.