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The Foundation Center

PHILANTHROPY NEWS DIGEST
   Vol. 6, Issue 7
   February 15, 2000

USA Networks Gives $6 Million to Increase Diversity in Cable TV Industry

USA Networks, Inc. and the Walter Kaitz Foundation have announced the creation of two minority employment programs dedicated to increasing diversity in the broadband cable industry. A $6 million contribution from USA will fund both programs over three years.

"With this tremendous gift from USA Networks, Inc., the Walter Kaitz Foundation will significantly expand its efforts in diversifying the workforce of the new communications marketplace," said Spencer Kaitz, founding director of the foundation and president of the California Cable Television Association. "We welcome the opportunity and applaud USA's commitment to put forth concrete efforts and zero in on this critical need — a diverse media workforce. The creation of the innovative New Media Fellowship and Broadcast Television Diversity programs will allow us to meet this goal," added Kaitz.

The Broadcast Television Diversity Program is designed to support the efforts of colleges and organizations to promote career opportunities within the cable industry among minority students, and will award $5,000 scholarships to 100 women and minority students. The New Media Program will provide participants with a four-month training program and a one-month on-site apprenticeship with participating industry companies.

The Walter Kaitz Foundation is a national membership organization whose core mission is to diversify the workforce of the cable/broadband industry.

FCnote: The USA Networks Foundation, Inc. (NY) had assets of $7,085,504 and made grants totaling $447,330 in the year ending 12/31/98.

"USA Networks, Inc. and the Walter Kaitz Foundation Announce Creation of New Minority Employment Programs." Business Wire 2/14/2000.

FC003175


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