The National Association of African-American Owned Media is suing Comcast, Time Warner Cable, various black advocacy groups, and Al Sharpton for $20 billion dollars, claiming the defendants discriminate, or facilitate discrimination against black owned media companies. The group claims that Sharpton and other black advocacy groups were "bought off" by Comcast/TWC to support the upcoming merger between the two media giants. Hollywood Reporter: According to the lawsuit, Comcast and TWC "collectively spend approximately $25 billion annually for the licensing of pay-television channels and advertising of their products and services, yet 100% African American–owned media receives less than $3 million per year." At the time of Comcast's 2010 acquisition of NBCUniversal, Comcast entered into memoranda of understanding with the NAACP, the National Urban League and the National Action Network, but the lawsuit says the voluntary diversity agreements...(Read Full Post)