clear view group
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Citing Millions in Debt, Ebony Magazine Being Forced Into Involuntary Bankruptcy
Citing an inability for Ebony Magazine to pay off its debts, Law360 reports that the embattled company’s lenders have submitted a filing in Texas federal court to force the once proud-publication into Chapter 7 bankruptcy. Per Law360, a pair of involuntary bankruptcy petitions were filed on Wednesday by investment management company Parkview Capital Credit Inc.,…
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Johnson Publishing Sells Ebony to Texas-Based Private-Equity Firm
Johnson Publishing announced Tuesday that it has sold Ebony and Jet magazines to an Austin, Texas-based private-equity firm, bringing to an end more than seven decades of ownership by Johnson Publishing, the Chicago Tribune reports. The amount for which Johnson Publishing sold the influential African-American lifestyle magazines to Clear View Group, an African-American-owned firm, was not disclosed.…