Black and Hispanic Broadcasters, Congressmen Seek Bailout

Maxine Waters photoRadio and television broadcasters – at least those catering to black and Hispanic audiences – soon may join financial services and auto manufacturers as the beneficiaries of a federal bailout. For the last half year, a group of executives of minority-themed media enterprises have been lobbying Capitol Hill to provide a boost to their money-losing operations. Having natural allies in the black and Hispanic congressional caucuses, they may win additional support from the Obama administration and any number of white lawmakers eager to expand their base of support. As it is, one of its key members already may have coaxed a loan modification from a financial giant. 

The Congressional Black Caucus (CBC), with fully 42 members, these past couple months have made little secret of their displeasure with Congress and the Obama administration, accusing them of giving scant attention to troubled black-owned businesses. Lawmakers such as Reps. Maxine Waters, …