ebony magazine
-
Which Former NBA Player Just Bought Ebony Magazine for $14 Million?
As we’ve been documenting here at The Root for a while now, Ebony Magazine has been going through it. From involuntary bankruptcy filings, to forcibly removing Willard Jackson as its CEO, to website outages, a class-action lawsuit, and even taking us to court—SPOILER WARNING: They lost—it’s been a gruesome couple of years for the once-proud…
-
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.,…
-
Ebony Magazine Removes CEO Willard Jackson Amid Investigation Into ‘a Number of Transactions’
I believe the phrase is “where there’s smoke, there’s fire,” but “I tried to tell, y’all” works perfectly fine, too. For years, The Root has reported on the myriad of struggles that have derailed the once-revered Ebony Magazine. From its failure to compensate contributors to taking The Root to court for calling that shit out…
-
Exclusive: Yes, Ebony Magazine's Website Is Down. But Why? Here's an Explanation
Ebony Magazine has been going through it. Once a sanctuary for black achievement, the legacy publication has stumbled into its 75th anniversary year battered by bankruptcy filings, unsettled debts to contributors, abrupt layoffs and class action lawsuits that have tarnished its reputation as a beacon of cultural pride. To add insult to injury, The Root…
-
B. Smith, Trailblazing Fashion Model and Entrepreneur, Dead at 70, Husband Confirms
B. Smith, the trailblazing fashion model who proved to be more successful as a restaurateur, television personality and branding pioneer, has passed away at age 70. Her husband, Dan Gasby, confirmed her death on the couple’s Facebook page Sunday morning. “It is with great sadness that my daughter Dana and I announce the passing of…
-
The #EbonyOwes Saga Continues: Former Employees File Class Action Lawsuit Against Ebony Magazine
In what could be the final chapter in the tragic #EbonyOwes saga, The Root has learned that seven former employees have filed a class-action lawsuit against Ebony Magazine and its parent company, private equity firm Clear View Group. The complaint, which was filed on Wednesday, names Ebony Media Operations LLC; CVG Group LLC; Michael Gibson,…
-
Ebony’s Historic Photo Archive Sells for $30 Million to Group Led by J. Paul Getty Trust
Seven decades’ worth of historic Ebony magazine photos documenting black life, both the everyday and the extraordinary, sold for $30 million at auction to a group of philanthropic organizations led by the J. Paul Getty Trust. The photo collection was put up for sale to settle the debts of the magazine’s founding publisher, Johnson Publishing,…
-
Exclusive: Ebony Magazine Allegedly Fires Online Staff Without Pay
Life comes at you fast. Or at least if you’re on the digital team at Ebony Magazine. The Root has learned that the once-revered publication allegedly fired its online editorial staff without pay on June 7, according to two sources. Former social media director Joshua David and an additional source who requested anonymity out of…
-
Historic Ebony Photos Set to Be Auctioned Off for at Least $13,000,000
Photos from the Ebony magazine archives detailing some 70 years of African American life and history, including images of Emmett Till, Muhammad Ali, Malcolm X, Coretta Scott King and so many more, are scheduled to be auctioned off next month in Chicago. The collection, up for sale to pay off secured creditors, or lien holders,…
-
So Ebony Magazine Took Us to Court
OK, so remember that whole #EbonyOwes thing? Of course, you do. Because if you’re an avid reader of The Root, you remember us broaching this subject from the first time it became a trending topic in 2017, all the way up to our final update last November, aptly titled “Dear Ebony Magazine: FU, Pay Your…