The Black Chronicle Newspaper
How we got $1.9M
Based on its 11 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▼ 13% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
What we know
Signs of a sale Some signs of a sale
- In business 29 years (since 1997)
From public records and the company's website, not a statement that it's for sale.
What they do
The Black Chronicle is a newspaper that publishes news, opinion, and entertainment coverage, with a focus on Black communities in Oklahoma City and national affairs.
From the company's website. Industry: Information.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| THE BLACK CHRONICLE NEWSPAPER this business | $2.1M | — |
| ROADRUNNER PRESS LLC Oklahoma City · 1 employees | $557K | 1.8 mi |
| HEARTLAND PUBLISHING, LLC Oklahoma City · 2 employees | $794K | 2.4 mi |
| BIG RIG NETWORK LLC Oklahoma City · 4 employees | $1.3M | 2.5 mi |
| ATHENA PUBLISHING COMPANY, INC. Oklahoma City · 1 employees | $632K | 2.5 mi |
| OKC NEXT MEDIA LLC Oklahoma City · 10 employees | $3.3M | 2.5 mi |
| TIERRA MEDIA INC. Oklahoma City · 6 employees | $1.9M | 2.5 mi |
The full calculation
| Employees reported to the SBA | 11 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.5M |
| Estimate: the two combined (geometric mean) | $2.1M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $502K |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $1.9M |
| Multiple for this size and industry | 3.8× |
| Value range | $1.0M – $2.6M |
| Revenue range | $1.4M – $2.4M |
| EBITDA range | $330K – $572K |
| Industry (NAICS) | Information (511110) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
Advisors
- BankingArvest BankPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| Arvest Bank PPP 2020, PPP 2021 | All 5,114 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $55K | 11 |
| 1/28/2021 | second | $55K | 9 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About The Black Chronicle Newspaper
The Black Chronicle Newspaper is an information company in Oklahoma City, Oklahoma, in business since 1997. It is owned by Valerie Thompson (President). Its estimated annual revenue is about $2.1M, with roughly $502K of EBITDA. It has about 11 employees. Its estimated business value is $1.9M (likely range $1.0M–$2.6M).
Common questions
- Who owns The Black Chronicle Newspaper?
- The Black Chronicle Newspaper is owned by Valerie Thompson (President), according to public sources such as the company's website or filings.
- How much revenue does The Black Chronicle Newspaper make?
- SeeBITDA estimates The Black Chronicle Newspaper's annual revenue at about $2.1M (likely between $1.4M and $2.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is The Black Chronicle Newspaper worth?
- About $1.9M, roughly 3.8× its estimated EBITDA of $502K, typical for a information company its size. Likely range: $1.0M–$2.6M.
- How many employees does The Black Chronicle Newspaper have?
- About 11, as reported on its PPP loan.
- When was The Black Chronicle Newspaper founded?
- The Black Chronicle Newspaper has been in business since 1997.