startup business funding for small businesses

The State of Black Media Nearly Three Years After the Murder of George Floyd | Forbes

By | May 3, 2023

It’s been nearly three years since the tragic murder of George Floyd, an unarmed Black man whose death sparked a nationwide reckoning on racism and police brutality in America. As we reflect on this painful anniversary, it’s crucial to examine the state of Black media and how it has evolved in the aftermath of this watershed moment. In this Forbes blog post, we’ll explore the current landscape of Black media, the challenges it faces, and the opportunities for growth and impact. Join us as we dive deeper into this important conversation.

The State of Black Media Nearly Three Years After the Murder of George Floyd | Forbes


Nearly three years after the murder of George Floyd, the state of Black media remains a crucial and pressing matter. In today’s world, where media layoffs and inadequate Black representation continue to be common issues, the need for a diverse media industry is more critical than ever. Kathy Chaney, a respected journalist, recently spoke about the need for change in the media industry and highlighted the importance of diversity and representation.

In this article, we will take a closer look at the current state of Black media, the impact of George Floyd’s murder on the industry, and the future of Black-owned media. We will also touch on how Forbes is playing a role in this evolving space.

Media Layoffs and the Importance of Black Representation

In 2020, media companies, both large and small, experienced substantial layoffs due to the pandemic and other factors. However, it also came to light that many of these layoffs disproportionately affected Black journalists and other journalists of color.

Kathy Chaney, a former president of the Chicago Association of Black Journalists and award-winning journalist, has been vocal about the importance of diversity and representation in the media industry. Chaney recently spoke about how Black journalists are often the first to be let go and the last to be hired, even though they bring a unique perspective to news coverage.

Chaney stated, “The question then becomes who or what fills the void left by these Black journalists who are no longer at the table? Who is left to ensure that issues that impact the Black community are being covered and reported with accuracy, perspective, empathy, and context?”

BET May Become Black-Owned Again

Black Entertainment Television (BET), the first television network aimed explicitly at an African American audience, was sold to Viacom in 2000. However, it was recently announced that BET may once again be Black-owned.

According to sources, media mogul Byron Allen and other investors are considering purchasing BET from ViacomCBS. The deal could be worth up to $6 billion and would undoubtedly change the landscape of Black-owned media.

This potential purchase shows that there is still a demand for Black-owned media and that investors see the value in this space.

The Power of Forbes and Black Media

With a focus on entrepreneurship, wealth, technology, business, and lifestyle, Forbes has a long-standing reputation for producing quality content. They have also been dedicated to diversity and inclusion in their publications, events, and products.

Forbes has been one of the few major publications that have provided a platform for Black-owned businesses and entrepreneurs. Their commitment to highlighting the success of Black businesses and individuals has brought much-needed attention to the world of Black media.

Forbes also offers unlimited access to premium journalism for its members. Members get access to exclusive events, products, and content that is not available to non-members.

Their newsletters keep readers informed about the latest news, events, and updates in the world of business and entrepreneurship.

business credit cards for startups


The state of Black media remains a critical issue, and it’s essential to recognize the challenges and opportunities that come with it. Increasing diversity and representation in the media industry is crucial for accurate news coverage and providing a voice for all communities.

BET potentially becoming Black-owned again is a positive sign for the future of Black media, and it shows that there is a demand for it. Forbes has been instrumental in providing a platform for the success of Black-owned businesses and entrepreneurs.

Going forward, it’s essential to continue to support and promote diverse media representation. We can all play a part by seeking out and supporting Black-owned media companies, subscribing to their newsletters, and amplifying their voices.


  1. What is the National Association of Black Journalists?
    The National Association of Black Journalists (NABJ) is an organization of Black journalists, students, and media-related professionals that provides quality programs and services to and advocates on behalf of Black journalists worldwide.

  2. Where can I watch Kathy Chaney’s interview about the importance of Black representation in media?
    Kathy Chaney’s interview is available to watch on YouTube.

  3. What kind of content can I find on Forbes?
    Forbes is known for its coverage of entrepreneurship, wealth, technology, business, and lifestyle.

  4. What benefits do Forbes members receive?
    Forbes members get access to unlimited premium journalism, exclusive events, products, and content that is not available to non-members.

  5. Is Forbes available on social media platforms?
    Yes, Forbes is available on Facebook, Twitter, and Instagram.