In order to get the FCC to approve a merger between NBCUniversal and Comcast Cable, the corporations had to submit to the “diversity” requirements of the Congressional Black Caucus and the Obama Administration.
Comcast Cable agreed to carry ten new “minority owned” cable networks. One is Aspire, owned by former NBA star “Magic” Johnson. He is black and a major contributor to the Democratic Party. Since 2007, Johnson has showered a total of $143k on Democrat candidates, Democrat PACs, the Obama campaign, and the DNC.
The congresswoman was embroiled in a House ethics investigation after she allegedly set up a meeting between Boston-based OneUnited Bank and regulators to help the bank. Waters’ husband, Sidney Williams, was a member of the bank’s board of directors between 2004 and 2008. In 2001, OneUnited, then known as Boston Bank of Commerce, merged with the Founders Bank of Los Angeles, of which Magic Johnson was a co-owner. In December 2008, OneUnited received $12.1 million from the U.S. Treasury Department; it was the weakest U.S. bank to receive TARP assistance.
Aspire will be based in Atlanta and will initially reach 11 million Comcast households. Johnson said he will not personally choose the network’s programming.
This marks Johnson’s second, non-basketball foray into television, following his low-rated FOX talk show “The Magic Hour,” which lasted for four months in the summer of 1998.
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