While about 37,000 workers were laid off or furloughed at media companies like the Los Angeles Times, Condé Nast, The Dallas Morning News, Gannett, McClatchy, National Public Radio, and VOX, the NNPA added staff and expanded services to NNPA member publishers across the nation.
“As we deal with some of the most challenging times in modern history, it is important that we understand the significance of the Black Press in reporting on and recording our history,” said National Newspaper Publishers Association (NNPA) Chair, and publisher of the Houston Forward Times, Karen Carter Richards. The NNPA is the national trade association representing America’s Black Press.
“The Bloomberg campaign’s initiative is groundbreaking, and it goes to significantly increasing the economic health of African Americans by tripling their net worth,” said Columbia, South Carolina Mayor Steve Benjamin, who co-chairs Bloomberg’s campaign. “The Bloomberg model is intentionally focused on creating a million new African American homeowners, 100,000 new African American-owned businesses, and $70 billion in federal capital to go in the 100 most challenged neighborhoods across the country.”