time inc.
-
Essence Enters a New Era: The Legacy Media Brand Announces Its New Executive Team
The year known as 2020 was unfathomably challenging by anyone’s estimation; but as Essence magazine celebrated its 50th anniversary, the pioneering and enduring imprint and lifestyle brand, by its own admission, proved not to be immune. Now, nearly a year after the lockdowns that literally stopped us in our tracks, the legacy media brand shared…
-
Founder of SheaMoisture, Richelieu Dennis, Acquires Essence From Time Inc.
Essence Communications Inc., the 48-year-old mutliplatform brand that owns Essence magazine and the annual Essence Festival, has gone back to black (ownership), having been acquired by Essence Ventures LLC, an independent African-American-owned company, Essence Ventures announced in a press release. As reported earlier by Journal-isms for The Root, the Essence brand was not part of…
-
Time Inc. Looks to Sell Essence
CEO: New Investor Might Expand Events Business Jim Vance, Inveterate Smoker, Died of Lung Cancer Trump News Saps Attention From World Disasters Somali Americans, Media in Fraught Relationship Glen Nishimura Dies, Editor of USA Today Columns Short Takes Twelve years after Time Inc, assumed control of Essence Communications Partners, ending Essence magazine’s status as a…
-
Time Inc. Wants to Sell Majority Stake in Essence
Time Inc. is looking to hand the reins of Essence over to another party, seeking to sell a majority stake in the monthly African-American women’s lifestyle publication. As the Wall Street Journal notes, the announcement—which may come as a surprise to some—is the first big move by the publisher since it opted not to sell…