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NBC News Selling TheGrio.com

NBC News Selling TheGrio.com

Source: Jordan Chariton / TV Newser First on TVNewser: NBC News is selling TheGrio.com back to its original owners, TVNewser has learned. The African American news and politics site will be sold back to David Wilson and Dan Woolsey later this month. The duo, along with NBC, launched the website in 2009.  NBC bought it outright in 2010. With the change in ownership, […]

O’Bannon Lawyer Slams NCAA “Hypocrisy” in Profiting Off Of Student Athletes [12.5.13]

O’Bannon Lawyer Slams NCAA “Hypocrisy” in Profiting Off Of Student Athletes [12.5.13]

Colleges can earn an unending amount of profits from their student athletes long after they stop playing game, via video games, jersey sales, TV broadcasts, and more. The students, despite all their hard work and training, make nothing. This incensed former UCLA player, Ed O’Bannon, who is suing the NCAA. If he wins, it could force colleges […]

Judge Releases Ruling On Ed O’Bannon Case: NCAA Loses

Judge Releases Ruling On Ed O’Bannon Case: NCAA Loses

Source: Steve Berkowitz / USA Today A federal judge ruled Friday that the NCAA’s limits on what major college football and men’s basketball players can receive for playing sports “unreasonably restrains trade” in violation of antitrust laws. U.S. District Judge Claudia Wilken, in a 99-page ruling in favor of a group of plaintiffs led by former UCLA […]

Bank Of America Fined $1.3B For Bad Mortgages

Bank Of America Fined $1.3B For Bad Mortgages

Source: Kevin McCoy / USA Today NEW YORK — A Bank of America subsidiary was ordered to pay nearly $1.3 billion Wednesday for a program that caused heavy losses to federally-backed mortgage finance giants Fannie Mae and Freddie Mac amid fallout from the financial crisis. U.S. District Judge Jed Rakoff imposed the fine on the Countrywide Financial […]

Venus Williams Flaunts New Gear In Philly

Venus Williams Flaunts New Gear In Philly

Source: Molly Eichel /Philly.com COME for the tennis, stay for the fashion show. Venus Williams will present her new line of workout gear, called Strisce, under her EleVen brand during the halftime of the Washington Kastles game against Billie Jean King‘s Philadelphia Freedoms today at Villanova University Pavilion (800 Lancaster Ave., Villanova), where Venus played her first Philly […]

’12 Years A Slave’ Oscar Winner John Ridley Signs Overall Deal With ABC

’12 Years A Slave’ Oscar Winner John Ridley Signs Overall Deal With ABC

Source: Lesley Goldberg / The Hollywood Reporter ABC is extending its relationship with John Ridley. The Oscar-winning scribe behind 12 Years a Slave — who has ABC drama American Crime due midseason — has inked an overall deal with the studio. ABC Entertainment Group president Paul Lee made the announcement Tuesday during his time at the Television Critics Association’s summer press tour. “He’s an […]

LeBron James Signing Moves $100 Million To Cleveland From Miami

LeBron James Signing Moves $100 Million To Cleveland From Miami

Source: Forbes LeBron James has signed with the Cleveland Cavaliers, his first NBA team, after four seasons and two titles with the Miami Heat. Upshot: The Cavaliers are worth $100 million more and the Heat $100 million less. Just for the moment, put aside luxury suite rentals and arena sponsorships and focus on television. The Cavaliers currently average about […]

July 4th Bummer: Gas Prices Highest In 6 Years

July 4th Bummer: Gas Prices Highest In 6 Years

Source: NBC News Fill ‘er up this weekend and watch your wallet shrink. Consumers will pay the highest Fourth of July gasoline prices in six years, but pump prices would be far higher if not for dramatic changes in the U.S. oil industry. Both the production and refining sides of the industry are contributing to […]

Roland Martin Takes DEMS To Task For Lack Of Minority Contractor Spending

Roland Martin Takes DEMS To Task For Lack Of Minority Contractor Spending

Roland Martin, host of “NewsOne Now” took Democrats to task for spending little on minority contractors. According to PowerPAC+’s 2014 Fannie Lou Hamer Report, Democrats spent more than $500 million on political consultants. Out of that $500 million, DEMS spent less than 2% on minority consulting firms.

Status Update: Facebook Not So Diverse

Status Update: Facebook Not So Diverse

Source: Jessica Guynn / USA Today SAN FRANCISCO – Facebook, the world’s most popular social network, for the first time released statistics on the makeup of its workforce that do not reflect the demographics of its users around the globe. The lopsided numbers are just the latest from a major Silicon Valley company to paint a stark […]

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