Johnson Publishing Sells Ebony And Jet To Private Equity Firm After Its Legacy Of Producing Magazines For 71 Years

Johnson Publishing Sells Ebony And Jet To Private Equity Firm After Its Legacy Of Producing Magazines For 71 Years
Johnson Publishing Sells Ebony And Jet To Private Equity
Firm After Its Legacy Of Producing Magazines For 71 Years 
BHR Hollywood Reports.............The company announced that its iconic lifestyle brands are now owned by Clear View Group, a Black-owned private equity firm based in Texas. The sale amount remains undisclosed.

Chairman  Of Johnson Publishing Linda Johnson Rice 
Like most print businesses, particularly magazines geared toward African-American readers, Johnson Publishing faced challenges in staying afloat in an industry marred by declining print circulation, and more importantly, revenue.

The magazines were sold to Clear View Group, a private equity firm in Texas that has been described as African-American-owned.
Johnson Publishing will retain its ownership of Fashion Fair cosmetics and the company's extensive photo archives.

 John H. Johnson
Johnson Publishing was founded by John H. Johnson, the grandson of slaves who became the first African-American to appear on the Forbes List of the 400 Richest Americans.

His depiction of African-American notables living elegant lives set a new standard for coverage of black Americans.

So too did his decision to publish photos of the open casket of the Chicago teenager Emmett Till, who was kidnapped and tortured by white racists in Mississippi in 1955.
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