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Thursday 1 December 2022
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Ebony and Jet Magazines Have Been Sold

By Frederick H. Lowe

 

ebony-235x300(TriceEdneyWire.com) – 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.

“This deal allows JPC to reduce its debt associated with the media business and focus its attention on the archives and continue to invest in its cosmetics buy mexican antibiotics business, Fashion Fair Cosmetics,” company officials said in a series of quotes and unattributed statements but not a news release printed on the company’s letterhead announcing the sale of Ebony and Jet.

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