Twist- Now imagine that the private equity firm is BLACK

$40M photo archive still up for sale


/////

after a 71-year run in Chicago, Johnson Publishing is getting out of publishing.


The company said Tuesday it has sold Ebony, its iconic African-American lifestyle magazine, and the now digital-only Jet magazine to Clear View Group, an Austin, Texas-based private equity firm, for an undisclosed amount.


Johnson Publishing will retain its Fashion Fair Cosmetics business and its historic Ebony photo archives, which remains up for sale. The deal, which closed in May, also included the assumption of debt.

A family-owned business throughout its history, Ebony has documented the African-American experience since it first hit newsstands in 1945. It has shaped culture ever since, coming into its own as it reported from the front lines of the civil rights movement during the 1960s in powerful photos and prose.


Johnson Publishing to sell historic photo archive

In recent years, though, Johnson Publishing has seen declining media revenues as it struggled to evolve from print to digital platforms.

Linda Johnson Rice, chairman of Johnson Publishing and daughter of founder John Johnson, will serve as chairman emeritus on the board of the new company.

"This is the next chapter in retaining the legacy that my father, John H. Johnson, built to ensure the celebration of African-Americans," she said in a statement Tuesday.

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.

)))--####---###--(((

bunda
<-.-> ^_^ \^0^/
get busy living, or get busy dying.

guess they got more than one Black billionaire in Austin

****
pink toes: http://i.imgur.com/WN7DPL1

The Jet Beauty files is worth a Billion Alone!!!!

You take the blue pill, the story ends. You wake up in your bed and believe whatever you want to believe. You take the red pill, you stay in Wonderland, and I show you how deep the rabbit hole goes.

Bossip. The Jet Instagram should have like 1B followers and keep folks posted on what the basket love & hip-hop wives of ATL are up to.

BTW, it had to be a black private equity firm because it would be hard to see what other folks would see the value in it.



**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

"what's a leader if he isn't reluctant"

but in general there's absolutely interest from other folks in buying/owning black-focused media and institutions

see: pretty much 92% of all black-focused media and institutions, owned by nonblks



and yea Jet shoulda just gave BScott a deal or something like that
put mad bloggers, hair youtubers, etc under their umbrella


>Bossip. The Jet Instagram should have like 1B followers and
>keep folks posted on what the basket love & hip-hop wives of
>ATL are up to.
>
>BTW, it had to be a black private equity firm because it would
>be hard to see what other folks would see the value in it.
>
>
>
>**********
>"Everyone has a plan until you punch them in the face. Then
>they don't have a plan anymore." (c) Mike Tyson
>
>"what's a leader if he isn't reluctant"

)))--####---###--(((

bunda
<-.-> ^_^ \^0^/
get busy living, or get busy dying.

Hmmmmm
No website
No listing with the Texas State Comptrollers office
nothing

****
pink toes: http://i.imgur.com/WN7DPL1

http://www.npr.org/2016/06/16/482279802/private-equity-firm-buys-ebony-and-jet-magazines

Ebony and Jet were once recognized worldwide as chroniclers of the black American experience — especially black achievement. Johnson Publishing is selling the magazines to black venture capitalists.

>
>http://www.npr.org/2016/06/16/482279802/private-equity-firm-buys-ebony-and-jet-magazines
>
>Ebony and Jet were once recognized worldwide as chroniclers of
>the black American experience — especially black
>achievement. Johnson Publishing is selling the magazines to
>black venture capitalists.
>
>


moving this much money they should be traceable

****
pink toes: http://i.imgur.com/WN7DPL1

I'm not really up non the private equity world. I wouldn't know where to look beyond a google search. Maybe the Texas secreatry of state?

> Maybe the Texas
>secreatry of state?

manta.com is a private site that scours the comptroller of Texas website and displays info
any and every registered company in the state of texas is here
why can't we find clear view group
generally, when a company does $100M deals there will be SOMETHING about that company online somewhere
i get NOTHING from this group


https://mycpa.cpa.state.tx.us/coa/Index.html


that's weird
it'll all come out in the wash

****
pink toes: http://i.imgur.com/WN7DPL1

anytime I hear of Black folk gettin money like this I FLOCK to them to see how they did it because it gives me hope and shows me there IS light at the end of the tunnel

Like Robert Smith
when I heard he was a Black Billionaire (in Texas even) I had to read this guys entire life's story
learn how he made his fortune
same for Kneeland youngblood
he up in Dallas
but his money loooooong

that's WEALTH

****
pink toes: http://i.imgur.com/WN7DPL1

http://jamesgroupintl.com

biz like THESE are ones i be researching the FUCK out of
gives a nigga hope
obama don't move me
but oldtimers like Mr. James do!!!!

****
pink toes: http://i.imgur.com/WN7DPL1

http://www.sec-ms.com/about.aspx

I found out about this company i can't remember how
but
doing muh googles
i found out that the wife is on the board of directors for a damn CHICKEN COMPANY in georgia!!!

http://www.sandersonfarms.com/company/about-us/board-of-directors/


aint that a BITCH????
see, this how i envision my daughters lives
gettin money on the low
not poppin it on the gram
making sex tapes on that chat

i love how her husband went to Skeegee tho
HBCUs be producin results!!!

****
pink toes: http://i.imgur.com/WN7DPL1

http://clearviewgroupllc.com/portfolio/

Not much of a track record. Interesting.


here is the owners linkedin page. Interesting that he doesn't use the name of his current firm.

https://www.linkedin.com/in/michael-gibson-8b33843?authType=name&authToken=jaGN&trk=prof-sb-browse_map-name


**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

"what's a leader if he isn't reluctant"

pages.

i half expected a paragraph of ipsum vordis vordis ipsum blah blah blah

from what i gleaned from the About Us page, they can apparently whiteboard they asses off, tho.

like 7 folk all going for it drawing all kindsa shit in parallel. impressive.


peace & blessings,

x.

www.twitter.com/poetx

=========================================
I'm an advocate for working smarter, not harder. If you just
focus on working hard you end up making someone else rich and
not having much to show for it. (c) mad

when I looked this morning after hearing about the sale.

I also swear the dudes linkedin page has changed a bunch from since when I checked it this morning.


**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

"what's a leader if he isn't reluctant"

I've been researching these guys heavily since yesterday

****
pink toes: http://i.imgur.com/WN7DPL1

They office is across the street from my house

****
pink toes: http://i.imgur.com/WN7DPL1

http://dallaswebmasters.com/testserver/offisol/newsite/personnel-2/willard-l-jackson-jr/


http://www.metroplex-inc.com/aboutus.html


http://www.bloomberg.com/research/stocks/private/person.asp?personId=40176480&privcapId=30854991

****
pink toes: http://i.imgur.com/WN7DPL1

when shit like this happens
truth comes to light
folks gonna start digging
find out where the money originates

****
pink toes: http://i.imgur.com/WN7DPL1

I didn't see an article that mentioned any money. Who know what type of dough, if any, changed hands. It's all very interesting. Eager to see what will come out of it next.



**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

"what's a leader if he isn't reluctant"

Because the bldg, cosmetics and photos

But that stuff is all a la carte and not included in this deal

Could be as Lil as $1M cash

But these two guys history don't show lots of wealth

It will surface who is bankrolling them

****
pink toes: http://i.imgur.com/WN7DPL1

http://blogs.wsj.com/pharmalot/2014/12/16/former-onyx-ceo-tony-coles-is-back-and-hes-launching-a-start-up/


big money has a track record
Tony bout to be PAID if this Yumanity things pops
I mean he has bread now
but he don't got Soon-Shiong paper yet

****
pink toes: http://i.imgur.com/WN7DPL1