Thursday, October 1, 2009

EBONY NEEDS SOME INVESTORS

Ebony and Jet magazines. Is Ebony for sale?

The outlook for the grand dame of black-owned publishing companies, Johnson Publishing, looks dimmer by the day.
Speculation began earlier this year that the company behind Ebony and Jet magazines was on the ropes.

Then came the news came earlier this month that the Ebony Fashion Fair traveling fashion show -- a flamboyant staple of black women's fund raising efforts since 1958 -- was being canceled for the first time in its history. Now comes a Newsweek.com article that says the company is is putting its flagship title, Ebony, up for sale.

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