Dearth in Minority Media Ownership Persists, MMTC Offers Capital Solution

Dearth in Minority Media Ownership Persists, MMTC Offers Capital Solution

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Earlier this week the Federal Communications Commission released a report on the level of media ownership by ethnic minorities and women. Here are some of their findings:

Women held, either individually or collectively, the majority voting interests in 934 broadcast stations. Specifically, women held majority voting interests in 91 (6.8%) of 1,348 full power commercial television stations and 220 (13.2%) of 1,662 low-power television stations.

The majority voting interests in 300 AM-radio stations, comprising 7.8% of 3,830 radio stations, are owned by women, while 323 of 5,611 commercial FM-radio stations have their majority voting interests owned by women.

Hispanics hold the majority voting interests in 39 (2.9%) of 1,348 full power television stations, while the majority voting rights of 151 (9.1%) of 1,662 low power television stations are held by Hispanics.

Hispanics hold a majority voting interest in 172 (4.5%) of 3,830 AM-radio stations and 151 (2.7%) of 5,611 FM-radio stations.

Racial minorities have a majority voting interest in 30 (2.2%) of the 1,348 full power television stations; in 96 (5.8%) of 1,662 low-power television stations; in 237 (6.2%) of 3,830 AM-radio stations; and in 196 (3.5%) of 5,611 FM-radio stations.

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