Yesterday, Jesse Jackson was lamenting how blacks in America own and run so little of America’s business. There was a stunning announcement today that the two iconic “black” radio stations WLIB and WBLS in New York City are being sold to Emmis – run by a white man – for $130 million. This would not be happening if the President of the United States was white.
http://www.radioink.com/Article.asp?id=2756883&spid=24698
Ron Burkle (who is also white) had already taken control of the 18 station owned by Inner City Broadcasting which had been run by Percy Sutton (who died in 2009) and was in bankruptcy. Burkle had paid $180 million to the bankruptcy court which ordered the sale as the court decided Sutton (and his son) were just stalling and had no intent to actually work the company out of bankruptcy. Former HIV victim “Magic” Johnson was brought in as a minority investor to assuage concerns that these “black” radio stations were being transferred to a well connected white liberal Democrat who made his fortune running grocery stores that profit by accepting food stamps and WIC.
Part of the unraveling of Inner City was that money was being skimmed from the operation of the Apollo theater on 125th street in Harlem while Charlie Rangel ran the board overseeing the operation of the theater. As a result, in 1999 Inner City had to relinquish control of the state owned theater to Time Warner and Rangl resigned.
Stick that in your black history textbooks.
Emmis is run by the guy who keeps demanding that the FCC order every smartphone be turned into an FM radio receiver.
No, no, no. You don’t understand. Black History is a creation of White Guilt. No Black American can do any wrong. Charlie Rangel was just exercising his God-given right to redistribute wealth. He should be praised and lauded. (can anyone see the tongue sticking in my cheek?)
Nobody seems an upside of challenging so-called black history.
One of the PSAs a few years ago credited a black man for a patent on the F16 (I think). I actually looked up the patent. He was one co-inventor in a long list for some relatively minor component of a patent assigned to United Technologies as part of his employment agreement.
The question nobody asks is “so how much money did he make or how many people did he employ because if the patent”?
There are about 250,000 patents per year issued by the US Patent office. Do you think that might be an impediment to black innovators to actually launch a product and create a successful business?