Welcome to the Reader‘s morning briefing for Thursday, June 16, 2016.
- Ebony and Jet magazines sold by Johnson Publishing to private equity firm
Johnson Publishing has sold its two signature magazines, Ebony and Jet, to Clear View Group, a private equity firm based in Austin, Texas. Fortunately, both magazines’ headquarters will remain in Chicago and most of the staff will keep their jobs. Johnson Publishing is not defunct: it will continue running Fashion Fair Cosmetics and the Ebony photo archive, which the company is also trying to sell. [Associated Press via Crain’s Chicago Business]
