The original covers of Ebony and JET, from 1945 and 1951 respectively, symbolize the once proud history of Johnson Publishing Co., which will focus on cosmetics after disposing of the magazines. Linda Johnson Rice, daughter of the magazines’ creator, the late John H. Johnson, though, will have a role in ensuring their continuance as a board member of the publications’ new owner, Ebony Media.
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SOLD
Iconic Ebony, JET magazines no longer owned by Johnson Publishing Co.
Johnson Publishing Co. of Chicago has sold Ebony and JET magazines for an undisclosed price to Clear View Group LLC, an Austin, Texas-based private equity firm, to pay down debt and to concentrate on Fashion Fair Cosmetics.
