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Johnson left NCTA in 1979 to create Black Entertainment Television, the first cable television network aimed at black Americans. [12] [14] When the network launched in 1980, it only aired for two hours on Friday night. [4] [12] BET first turned a profit in 1985 and it became the first black-controlled company listed on the New York Stock ...
After stepping down as a lobbyist for the cable industry, Freeport, Illinois native Robert L. Johnson decided to launch his own cable television network. Johnson acquired a loan for $15,000 (equivalent to $55,648 in 2023) and a $500,000 (equivalent to $1,854,921 in 2023) investment from media executive John Malone to start the network. [3]
Black Entertainment Television Founder Robert Johnson joins Yahoo Finance’s Kristin Myers to break down his call for $14 trillion of reparations for slavery.
Robert L. Johnson founded The RLJ Companies in 2002 in Bethesda, Maryland. [7] [8] Johnson serves as chairman of the company. [4] Previous to founding The RLJ Companies, Johnson owned BET, which he sold to Viacom in 2001. [12] He remained on at BET as its CEO through 2006. [4] In 2001, Johnson and Tom Baltimore started RLJ Lodging Trust with ...
Here's a Black history fact: BET Founder Robert L. Johnson created a litany of Black millionaires by selling BET. Bob Johnson brought the whole table to his people! "Everybody started at the ...
BET Founder Robert Johnson's Liberian Resort: An Oasis of Calm. Emily Schmall. Updated July 14, 2016 at 6:14 PM. Follow the signs for Bones Beach down a newly paved road in Monrovia, Liberia, and ...
Sheila Crump Johnson (born January 25, 1949) is an American billionaire businesswoman, co-founder of BET, and CEO of Salamander Hotels and Resorts. [1]Johnson is a vice chairman and partner of Monumental Sports & Entertainment, a professional sports holding company which manages the Washington Capitals (NHL), the Washington Wizards (NBA), and the Washington Mystics (WNBA).
Black Entertainment Television LLC (doing business as the BET Media Group, and formerly known as BET Networks) is a subsidiary of American media conglomerate Paramount Global under its CBS Entertainment unit. BET oversees television channels and premium services aimed at African Americans, including its namesake cable channel.