Forbes Newsletters

Learn more about ForbesBLK. Become a member today!

Forbes
Rhonesha Byng, Forbes

Hey ForbesBLK. Ali Jackson-Jolley here.

Earlier this week, I sat down with Her Agenda founder and BOMESI cofounder
Rhonesha Byng for a wide-ranging conversation on power, ownership and why Black media can’t afford to wait for permission — or perfect conditions — to scale.

If you’re in the Black media space, you’ve likely heard of BOMESI — the Black Owned Media Equity and Sustainability Institute — and Byng, a Forbes Under 30 alum who has been working at the intersection of media and equity for nearly two decades.

As a college sophomore in 2008, Byng launched Her Agenda, a digital platform created to close the gap between ambition and achievement for women. Fifteen years later, she’s still betting on visibility, ownership and infrastructure — now with BOMESI, focused on confronting what many founders know too well: Black creators drive culture and consumer engagement but remain vastly underfunded by advertisers, investors and media buyers.

“Black creators know how to make a dollar out of fifteen cents,” Byng said. “But we shouldn’t have to keep proving our value while others copy our playbook.”

We also talked about what many investors still miss: media isn’t a vanity sector — it’s an undervalued asset class. It requires patience and doesn’t fit the “10x” tech mold. But with $300 billion in annual ad spending — and less than 2% reaching Black-owned outlets — the market inefficiency is obvious.

“Whoever controls the media controls the mind,” Byng told me. “Ownership matters. Infrastructure matters. And the audience is already here.”

Watch the full Forbes Talks interview to hear:

- How she built Her Agenda from a dorm room to a national platform.
- What defines a founder ready to scale.
- Why niche beats general.
- Why the 2025 BOMESI Summit in Detroit on June 7-8 is a marketplace for media equity.

Enjoy this week’s newsletter, and keep up with me on LinkedIn.

The Enterprise Zone
  Todd McDonald, Forbes
Meet The Bank That Wants To Eliminate Credit Denials
Watch Video
Todd McDonald, president of Liberty Bank and Trust in New Orleans, joins Forbes senior writer Jabari Young on The Enterprise Zone at Nasdaq MarketSite. During their discussion, McDonald outlines the mission to eliminate loan denials, discusses the current state of the housing market, and shares insights about the overall state of the U.S. banking industry.

Subscribe Now!
Spotify
Apple Podcasts
YouTube
BLK STORIES OF THE WEEK
AROUND THE COMMUNITY
Empire
We are proud to welcome our newest #ForbesBLK National Advisory Council Member, Tina Davis, President of EMPIRE. Tina will serve as strategic thought partners for our community and help to identify and prioritize key issues affecting the development of national ForbesBLK initiatives.

Join ForbesBLK DMV Member Genise Thomas for Freedom, Finances & the Future - Reclaiming Our Power Through Wealth Wisdom - a faith-rooted, community event designed to equip individuals and small business owners with practical tools to grow in both faith and finances. Gain real strategies to build wealth, overcome financial barriers, and walk confidently into your future. Register now to attend. 
ForbesBLK member Kadeisha Placide invites you to the 2025 Run the World Summit in NYC on June 21–22. The two-day event will focus on empowering women through wellness, community, and connection. Members can use the code FORBESBLK10 for a discount on general admission. For more information click here.

On June 6, the BOMESI Summit weekend will
return to Detroit with a renewed focus on enhancing Black-owned media and unlocking new market opportunities. The event will showcase media publishers, platforms, and influential individuals who are shaping the industry. Use ForbesBLK discount code BOMESI25-50 to receive a discount on event registration. For more information click here

Follow ForbesBLK on social media:
 
Instagram
LinkedIn
Threads
X
YouTube
BEYOND THE NEWSROOM
On October 8-10, join us for the third annual ForbesBLK Summit in Atlanta. This three-day event promises to inspire ideas and encourage meaningful conversations about the future of the Black community. Connect with leading executives, entrepreneurs, creators, and change-makers for an experience that will challenge and transform you. Register now to seize our early access special! Don’t wait—prices will increase after June 2