Johnson, who created the first Black-owned company to be traded on the New York Stock Exchange, is the founder of Black Entertainment Television (BET). AdvertisementThe acquisition made Johnson and his former wife, Sheila Johnson, who is the cofounder of BET, billionaires. What is the best advice you've ever received, and how did it impact your business or career? The best advice I've ever received actually came from John Malone. Early on, some people wanted me to call BET "Urban Television" because "urban" was, I'd argue, considered a softer way of saying Black.

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Persons: —, Robert L, Johnson, It's, hasn't, Sheila Johnson, John Malone, he's, — Michael Jordan, Tom Baltimore, you've, I've, I'd, BET should've Organizations: Service, Business, New York Stock Exchange, Black Entertainment Television, BET, Viacom, NYSE, Lodging Trust, Black Educational Television, Black Locations: America