jet magazine
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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,…
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Star Power: Mellody Hobson and George Lucas Vie for Control of Ebony, Jet Photo Archives
Financier Mellody Hobson and her husband, Star Wars movie mogul George Lucas, are taking steps to take control of Ebony and Jet’s massive archive of historic photos, chronicling African-American life over the last seven decades. The archive is uninsured and at risk, as it was used as collateral to secure a $12 million loan to…
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Iconic Johnson Publishing, the Company That Was Once Behind Ebony and Jet Magazines, Files for Bankruptcy
Johnson Publishing Company, the historic African-American media powerhouse responsible for the start of Ebony and Jet magazines, has filed for bankruptcy. The company sold Ebony and Jet three years ago to a private equity firm, so Tuesday’s filing for Chapter 7 bankruptcy liquidation will not affect the publications, the Chicago Sun Times reports. However, the…
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The Man Who ‘Integrated an Industry’*
Those Who Followed Honor Jet’s Simeon Booker Columbia J-School Establishes Civil Rights Center Plain Dealer: Wahoo Should Have Been Long Gone Lemon Asks What Trump Is Trying to Hide Melvin Makes Spicer Watch Embarrassing Moments N.J. Investigation Tallies the Cost of Bad Cops Bystanders Bombard Texas Reporter With ‘N-Word’ A New Approach to Prepare Journalists…
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Ebony’s Owner Michael Gibson: Don’t Worry, Be Happy
The owner of Ebony magazine sought to reasssure doubters Sunday that despite recent upheaval, “We are absolutely going to survive. This is a profitable business. We’re 100 percent committed.” “We really want to expand our brand,” Michael Gibson, co-founder and chairman of CVG Group, owner of Ebony and Jet, told Journal-isms by telephone, calling plans…
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Jet Magazine Could Return to Newsstands
A rejuvenated Ebony magazine is considering reviving its Jet sibling as a newsstand product for millennials. It plans to publish more special single-themed issues for newsstand consumption and is branching out to stage special events as it seeks ways to extend the brand. Linda Johnson Rice, chairman of Johnson Publishing Co. and daughter of founder…
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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.…
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Your 4.0 GPA Won’t Protect You From Systemic Racism
Being “twice as good” won’t save you from becoming a target. Just ask 18-year-old Andrew Jones of Amite, La., who was denied the opportunity to serve as his class valedictorian. Despite earning a 4.0 grade point average, Jones was not permitted to participate in his high school graduation. According to reports, the student was stopped…