Saturday, October 31, 2009
GMC Growth
The Gospel Music Channel is the fastest growing cable channel. From offices in Atlanta, it has gone from reaching about one million homes in 2004 to more than 46 million subscribers today. That's more than TeenNick (44 million) and NBA-TV (39 million). Charley Humbard, son of televangelist Rex Humbard, runs the privately held network. He previously worked at the Discovery Channel as a senior vice president. The network focuses on Christian music videos of every style. Some estimates put annual revenue for the Gospel Music Channel at more than $13 million.
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