At the beginning of 2015, Channick revealed that Johnson Publishing had decided to sell Ebony magazine’s extensive photo archives. Tonight, he is scooping a much bigger deal. Ebony and Jet magazines, the latter now digital only, were sold last month along with some debt to Clear View Group, an Austin, Texas-based firm:
The new publishing entity, Ebony Media Operations, will maintain the magazine’s Chicago headquarters and its New York editorial office, as well as much of the current staff, according to Michael Gibson, co-founder and chairman of African-American-owned Clear View Group.
“We made this purchase because this is an iconic brand — it’s the most-recognized brand in the African-American community,” said Gibson, 59. “We just think this is a great opportunity for us.”
As part of the deal, COO Cheryl McKissack is being promoted to CEO of Ebony Media Operations. Ebony editor in chief Kierna Mayo is moving on, with Kyra Kyles taking over that position.
Read the rest of Channick’s report to find out which assets Johnson Publishing is keeping, and where Gibson foresees taking the storied Ebony and Jet brands.
Pictured: June/July issue