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Top Black-Owned Publicly Traded Companies – Urban One

Cathy Hughes

Cathy Hughes still talks on the radio and has plenty to say.

 

Urban One

Urban One, formerly known as Radio One, is an African-American media conglomerate. The company operates under multiple brands, divisions, and subsidiaries including TV ONE, Interactive One, Reach Media, and Community Connect. 

Affiliated brands include The Urban Daily, Hello Beautiful, Tom Joyner Morning Show, BlackPlanet, MiGente, AsianAvenue, The Rickey Smiley Show, R&B Divas, Hollywood Divas, BlackDoctor.org, CassiusLife.com, NewsOne, The Manns and more. Urban One also operates over 50 radio stations in major markets all over the United States.

Big-name personalities associated with Urban one are Roland Martin, Al Sharpton, Tom Joyner, Russell Simmons, DL Hughley, Bishop T.D. Jakes, Rickey Smiley, and most importantly founder Cathy Hughes. 

In order to understand how Urban One was founded its important to understand who Cathy Hughes is and where she came from. Cathy is one of the most important people in the American music and media industry ever and is an excellent role model for women who want ownership.

Hughes revolutionized radio by collaborating with Melvin Lindsey and Jack Shuler to create the ‘Quiet Storm’ genre of music in the 70’s. Cathy was the Vice President and General Manager of WHUR-FM, Howard University’s exclusive radio station, when they debuted the ‘Quiet Storm’ radio format. Her career took off from there and, although she faced some obstacles, she became a powerhouse.

Fast-forward to 1997 when Cathy Hughes appointed her son Alfred C. Liggins III as CEO of the growing Radio One. Two years later on May 5, 1999, under his guidance, Radio One went public with on the Nasdaq Stock Market Index with 6.5 millions shares at $24 per share under the ticker symbol “ROIAK”. The IPO made Cathy the first African-American woman to chair a public company.

One May 5, 2017, Radio One was transformed into Urban One (likely due to its growing expansion into media outlets outside of radio) and its ticker symbol changed, presumably, from ROIAK to UONEK (Class D) and UONE (Class A).

$UONEK and $UONE currently trade on the Robinhood mobile application for free. Today, and as of this writing, $UONEK’s price per stock has been trading between a low of $1.80 and a high of $1.85 while $UONE’s price has remain unchanged at $1.85.

Website

https://urban1.com/

Nasdaq Profile

https://www.nasdaq.com/symbol/uone

Buy black and bank black are slogans used to motivate and drive African-Americans to patronize black businesses. Money, or more specifically the allocation of one’s wealth and income, is sometimes used as a form of protest against racial prejudice and discrimination. But now, money can be used as empowerment with no specific political cause.

Publicly traded corporations have grown to exponential levels never seen before with Apple having the largest market capitalization of all with $910 billion. If Apple’s stock price rises to the widely estimated $200 mark it will have a market capitalization of $1 trillion.

With this amount of money getting pumped into the stock market I first asked myself which stocks are “African-American friendly” in that they either serve a black community or empower black top-level executives. I could only think of two; Live Nation ($LVY) and Wing Stop ($WING). Of course, I quickly obtained long positions in each.

Eventually, I dug deeper after stumbling upon some money to invest. I thought “Could there be any black-owned stocks out there?”

You might be thinking “Aren’t stocks owned by the public? How could a stock be black-owned?” and you wouldn’t be wrong. To be specific, when I say black-owned stocks I mean companies that were either created by African-Americans, majority owned by African-Americans, largely employed by African-Americans or something along those lines. This exercise in buying black is not about being picky.

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Top Black-Owned Publicly Traded Companies: Broadway Financial Corporation

February 28, 2018 Leave a comment
Paul Williams - Broadway Financial

Paul Williams, a famous Hollywood Architect, was a founding member of Broadway Financial Corporation

 

Broadway Financial Corporation 

Broadway Financial Corporation, specifically known as Broadway Federal Bank is based out of Los Angeles, California with three branches including an Inglewood Branch, a Mid-Wilshire branch, and an Exposition Park branch. The financial institution’s original name was Broadway Federal Savings and Loan Association.

Naturally, the bank traces its roots to the Pre-Civil Rights era when minorities were ignored or financially taken advantage of by Main Street banks. It was founded in 1946 by three African-American pioneers; Dr. H Claude Hudson, a Dentist and community leader, Paul Williams, a legendary architect, and H.A. Howard, a real estate broker.

In December of 1995, the bank was converted from a federally chartered mutual savings association into a federally chartered stock savings bank. The newly formed corporation began trading on the official Nasdaq Stock Market Index under the ticker symbol “BYFC” with an IPO of $5.00 on January 12, 1996.

Broadway Financial Corp is currently managed by CEO Wayne Kent A. Bradshaw and focuses on low-moderate income communities with a particular focus on lending for multi-family affordable housing.

$BYFC currently trades on the Robinhood mobile application for free. Today, and as of this writing, the price per stock has been trading between a low of $1.97 and a high of $2.14 in a volatile day of trading.

Website

https://www.broadwayfederalbank.com/

Nasdaq Profile

https://www.nasdaq.com/symbol/byfc

Broadway Federal bank

Buy black and bank black are slogans used to motivate and drive African-Americans to patronize black businesses. Money, or more specifically the allocation of one’s wealth and income, is sometimes used as a form of protest against racial prejudice and discrimination. But now, money can be used as empowerment with no specific political cause.

Publicly traded corporations have grown to exponential levels never seen before with Apple having the largest market capitalization of all with $910 billion. If Apple’s stock price rises to the widely estimated $200 mark it will have a market capitalization of $1 trillion.

With this amount of money getting pumped into the stock market I first asked myself which stocks are “African-American friendly” in that they either serve a black community or empower black top-level executives. I could only think of two; Live Nation ($LVY) and Wing Stop ($WING). Of course, I quickly obtained long positions in each.

Eventually, I dug deeper after stumbling upon some money to invest. I thought “Could there be any black-owned stocks out there?”

You might be thinking “Aren’t stocks owned by the public? How could a stock be black-owned?” and you wouldn’t be wrong. To be specific, when I say black-owned stocks I mean companies that were either created by African-Americans, majority owned by African-Americans, largely employed by African-Americans or something along those lines. This exercise in buying black is not about being picky.

Immigration Volunteer Arrested After VideoTaping Border Patrol Agents Destroying Survival Supplies

January 23, 2018 Leave a comment
Illegals-jumping-a-border-fence

Undocumented immigration, falsely known as “illegal immigration”, was a hot topic of debate in the 2016 United States Presidential Election

Scott Daniel Warren, a volunteer for No More Deaths, was arrested and charged with harboring two people in the country illegally on Jan. 17, 2018, hours after videos of Border Patrol agents dumping and kicking over water left for illegal undocumented immigrants surfaced online.

Warren allegedly ‘assisted aliens whom he should have reasonably known were illegally in the U.S by sheltering them’ by giving them food, water, beds, and clean clothes. The two undocumented immigrants were also arrested. No More Deaths released a press release on Twitter addressing the arrest of Scott Warren and the two immigrants.

Caitlin Deighan, also a No More Deaths volunteer, said “We see it as an escalation and criminalization of aid workers.” Just hours before Scott Warren’s arrest by federal Border Patrol agents, No More Deaths released the two videos shown in this article including one report titled Interference with Humanitarian Aid: Death and Disappearance  on the U.S-Mexico border.

The U.S Border Patrol arrested and charged Scott Warren, who is 35 years old and an Arizona State University instructor teaching an online environmental studies course,  with the federal felony of Harboring Illegal Aliens after they conducted surveillance on a building known as the ‘barn’.

No More Deaths is an immigration advocacy group located in Tucson, Arizona as well as a whose mission is to end death and suffering on the Mexico-US border. No More Deaths is also a ministry of the Unitarian Universalist Church of Tucson.

Arizona State University, also known as ASU, said “Mr. Warren was not acting in his capacity as an ASU employee at the time of the alleged incident and we have no reason to believe it will impact his ability to fulfill his current duty with the university.

Ryan Leslie’s Laptop Found But Man Has Yet To Receive Reward

HipHopWired – Singer/songwriter Ryan Leslie can breathe a little easier, now that his prized laptop has been found. Continue Reading…

Ryan Leslie’s laptop found in Germany

Music producer and singer Ryan Leslie’s infamous laptop has finally been found!

Ryan Leslie offered a $20,000 dollar reward at first, but quickly increased it to $1,000,000 dollars.

Bernd. P, a German man, claims to have found the laptop and more of Leslie’s belonging while walking through a forest.

Bernd. P has not received any reward money yet and I doubt he will ever get $1,000,000.

He easily could be the one who stole the laptop or could know who stole it. And I don’t think Ryan Leslie has money like that to just be giving someone a million dollars.

I can’t wait to see what happens with this.

Wall Street Journal Video of Ryan Leslie Losing the $1 Million Laptop Case

Video where Ryan Leslie increases reward to $1,000,000 dollars.


Waka Flocka Released From Prison After Posting $31,950 Bail

January 6, 2011 2 comments

MTV – Waka Flocka Flame was released from custody Wednesday (January 5) after turning himself in for an array of weapons and drug charges earlier this week. Deputy Fielder of Georgia’s Henry County Sherriff’s Office confirmed to MTV News that the Atlanta rapper, born Juaquin Malphurs, was released at 3:33 p.m. after posting $31,950 bond. Continue Reading…

Waka Flocka & Gucci

Brick Squad rapper Waka Flocka Flame was released on $31,950 dollars bail yesterday, Jan. 5, 2011.

Waka Flocka, or Juaquin James Malphurs, surrendered to police on Jan. 3, 2011 to face a number of charges after the cops raided his home while his mother/manager Debra Antney and Gucci Mane were in the crib.

He has 6 criminal charges including possession of marijuana of less than 1 ounce, possession of a firearm by a convicted felon, possession of hydrocodone, possession of a firearm during the commission of a felony, violation of probation for driving on a suspended license, and violating Georgia’s “Criminal Street Gang and Terror Prevention Act.”

Long Island Black Man’s Sentence For Murdering A White Kid Commuted By Governor David Patterson

December 24, 2010 2 comments

CBS News – New York Gov. David Paterson commuted the sentence Thursday of a black man imprisoned for the racially charged shooting death of a white teenager on Long Island, a decision in the final days of his administration that infuriated the lawyer who prosecuted the case.

Paterson said the five months John Harris White has served was enough time for the emotion-fueled 2006 shooting death of Daniel Cicciaro, 17. Paterson said everybody connected with the case had suffered enough, and White was released Thursday. Continue Reading…

John Harris White and Governor David Patterson

John Harris White has been released from prison after serving 6 months for manslaughter & possession of an illegal weapon convictions. New York Governor David Patterson ‘commuted’ his sentence today.

John Harris White was set to be in prison for 2-4 years for shooting 17-year old Daniel Cicciaro in an attempt to protect his son, Aaron White.

Aaron had just left a party after being asked to leave for ‘posting online threats’ about a girl in attendance (found to be not true).

A ‘lynch mob’ or a large group of racist kids then showed up at the White’s house in the predominantly white Long Island neighborhood.

Daniel Cicciaro was driving with an alcohol level above the legal limit and was 3 inches away from the gun when he was shot.

His father, Daniel Sr. screamed “Let’s see what happens when Aaron White gets shot.” And that was when he thought John Harris White would serve 4 years in prison.

It was a tough decision and both sides have much to be sad and angry about.

 

Rapper G. Dep Admits To A Murder That Occured 17 Years Ago

December 18, 2010 6 comments

NY Post – It took nearly two decades, but the guilt of murder finally became too much for Trevell Coleman.

Wednesday night, after years of living with the burden, Coleman, 36, walked into the 25th Precinct and shockingly confessed to the very cold case, the sources said.

The career criminal — once signed to superstar rap mogul Shawn “Diddy” Combs’ record label — was just 18 when he fatally shot a Queens man outside an East Harlem housing project in 1993, police sources said.

“I shot and killed someone 17 years ago,” Coleman told a cop in the station house. Continue Reading…

Rapper G. Dep has admitted to a murder…that happened 17 years ago.

G. Dep should probably be treated for a mental illness.

The Harlem rapper admitted to trying to riding his bike on Park Ave. & East 114th street before trying to rob John Henkel.

G. Dep says he pulled away and shot the man 3 times in the chest after the man tried to resist the robbery.

 

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