In 2001, the network lost its status as a black-owned business when it was bought by media conglomerate Viacom for $3 billion. In 2005, Johnson retired from the network, turning over his titles of president and chief executive officer to former BET vice president Debra L. Lee.
Who is the owner of BET?
Black Entertainment Television (BET), American cable television network and multimedia group providing news, entertainment, and other programming developed primarily for African American viewers.
Is bet privately owned?
BET was founded in 1980 by Robert L. Johnson, who continues to serve as the chief executive officer as he has done since the company’s inception. Although the company went public briefly in the 1990s, for the majority of its history, BET has been a privately owned company, with Johnson holding a controlling interest.
Is bet part of Viacom?
BET Networks, a subsidiary of Viacom Inc. (NYSE: VIA, VIA. B), is the nation’s leading provider of quality entertainment, music, news and public affairs television programming for the African-American audience.
How many black billionaires are there?
According to Forbes’ 2021 World’s Billionaires List, there are 724 billionaires in America yet only seven of them are Black. That’s just enough to seat at one dining room table since Black billionaires only make up less than one percent of the nation’s billionaire population.
What is Robert Johnson’s net worth?
In 2001, Johnson became a billionaire after selling the station to Viacom for $3 billion, which catapulted his net worth to an estimated $1.3 billion.
What is BET stand for?
|BET||Black Entertainment Television|
|BET||Basic Education and Training|
|BET||Biomedical Equipment Technology (various schools)|
Does BetOnline own SportsBetting AG?
SportsBetting.ag is a “sister site” of BetOnline.ag. BetOnline acquired this brand and 2012 and runs it well, just like they do with BetOnline.. SportsBetting.ag first began taking online bets back in 1999. It is estimated that over 1 million people have created accounts on the popular online sports wagering platform.
Who owns bovada?
The current owner of Bovada is the Mohawk Morris Gaming Group (MMGG), a company operating from Kahnawake, an Indian Reservation, in the province of Quebec in Canada.
Is BetOnline an American company?
BetOnline is a privately held online gambling company offering sports betting, online casinos, and wagering on horse racing. The company’s CEO is Eddie Robbins III.
|Type of business||Privately held company|
|Headquarters||Panama City , Panama|
|Key people||Eddie Robbins III, CEO, Marcus Shrestha, COO,|
Who owns Black Entertainment Network?
It is owned by the ViacomCBS Domestic Media Networks unit of ViacomCBS via BET Networks and has offices in New York City, Los Angeles, Chicago, and was formerly headquartered in Washington, D.C. As of February 2015, approximately 88,255,000 American households (75.8% of households with television) receive the channel.