Interesting Readings for December 2019

Black Celebrities try to buy Disney sports channels

From February and May 2019, we reported that a number of Black celebrities had expressed interest in purchasing 22 TV sports channels from the Disney Company.  The sports channels show local live sports like the YES channel in the New York area which has exclusive rights to broadcast the NY Yankees. Local sports has become a "must carry" so the channels have an almost guaranteed income.

Disney was forced to divest on anti-competitive grounds.

Ice Cube (O'Shea Jackson) and LL Cool J (James Todd Smith) have reportedly bid on 22 television sports channels Disney was forced to sell.  The asking price is between $15 to 22 Billion dollars. Apparently Ervin "Magic" Johnson and Will Smith were also part of the deal.

https://www.thebeatdc.com/blog/2019/4/22/will-smith-and-magic-johnson-join-ll-cool-j-and-ice-cubes-effort-to-buy-sports-stations

Sinclair broadcasting ended up purchasing 21 TV sports channels from Disney Company.

Amazon also made a bid.  The YES network bought the remaining rights to the Yankees.

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Byron Allen Sues Comcast for Racial Discrimination


Byron Allen brought a court case against Comcast for refusing to carry his entertainments channels.

Byron Allen's company is here https://entertainmentstudios.com/

Sean Combs (Puffy Daddy) own revolt.tv https://www.revolt.tv/

And Oprah Winfry owns own network. http://www.oprah.com/app/own-tv.html

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NY Times: Bank manager and customer detail bank discrimination at JP Morgan Chase

NY Times

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Black Franchises Complain about cash flow issues

CNBC


National Black McDonalds Operators Association
https://nbmoa.org/

National Hispanic Owner Operators Association
https://mhoa.wildapricot.org/

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Robert Johnson's Ex, Sheila Johnson, Operates a luxury hotel chain

https://www.salamanderhotels.com/