Facts on 9 January
1989 - Time, Inc. agrees to sell NYT Cable for $420 million

Time, Inc. agrees to sell NYT Cable for $420 million, to a group led by J. Bruce Llewellyn, the largest cable TV acquisition by an African American. The transformation of cable media in the late 1980s and early 1990s opened doors for greater Black representation in entertainment, news, and culture. BET’s growth, in particular, played a key role in giving a platform to Black artists, journalists, and communities nationwide.

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