Johnson Publishing Company, the former publisher of Ebony and Jet Magazines, files for bankruptcy

John H. Johnson, head of Johnson Publishing Co., sits in his Chicago office. He helped change the image of black people portrayed by U.S. media. By Rachel Siegel Rachel Siegel National business reporter Email Bio Follow April 10 at 9:34 AM Johnson Publishing Co., which launched Ebony and Jet magazines and was once one of the nation’s largest and most successful black-owned businesses, has filed for Chapter 7 bankruptcy.

The brand pointed to a number of “factors outside of the company’s control” that led to Tuesday’s filing. The buyer of the company’s media division hadn’t made its required payments. One of the company’s largest retailers fell into bankruptcy. Johnson Publishing’s cosmetics business, Fashion Fair, struggled to keep up with online competitors. And the company had to pay for a recall that stemmed from “quality issues” from one of its manufacturers.

Ebony debuted in November 1945, pledging to “mirror the happier side of Negro life — the positive, everyday achievements from Harlem to Hollywood. But when we talk about race as the No. 1 problem of America, we’ll talk turkey,” the Chicago Sun Times reported. Jet came along six years later. In 1955, after the death of Emmett Till — a 14-year-old boy from Chicago who was abducted, tortured and killed for reportedly offending a white woman in Mississippi — his mother, Mamie Elizabeth Till-Mobley, called Ebony and Jet and urged them to show the world what had been done to her son. Jet published an open-coffin photograph of Till’s body. Historians point to Jet’s publication of that photograph as a focal point in the civil rights movement.

Johnson, who was awarded the Presidential Medal of Freedom in 1996, died in 2005 at age 87. His obituary in the Chicago Sun-Times described him as “the man who turned Ebony into gold.” President Clinton was among the 2,000 mourners at his funeral.

Sadness .

So many memories covering part of Americas famous Americans

Not good. Not good. Not good. We've lost too many independant voices in our country.

The Washtington Post is right behind these folks. If you want to survive as media, be factual and keep bias out of reporting.

Very sad

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Private jet company Vista Global to acquire JetSmarter, once touted as the Uber of private jetsPrivate jet company Vista Global agreed to acquire JetSmarter, betting that the value of JetSmarter's technology will outweigh the controversy and lawsuits still dogging the company.
Source: CNBC - 🏆 12. / 72 Read more »

Fearing Chinese infiltration, Trump administration considers publishing blacklist of companies using risky supply chainsAmid intensifying warnings about foreign spies and criminals infiltrating new 5G networks and the military supply chain, the Pentagon has been considering publicly releasing a “black list” of companies it believes could pose risks to its weapons based on using risky suppliers. JennaMC_Laugh lol - all the while trying to get china trade deal -- oh well america has trump and is in decline -XI and china will bury trump
Source: YahooNews - 🏆 380. / 59 Read more »

Sriracha battle heats up as hot sauce company, former pepper supplier head to courtThe producer of Sriracha hot sauce and its former longtime chili pepper supplier are headed to court, after accusing each other of more than $1 million in damages. You do not want one of these guys mad at you! *They will get Jalapeño face!!! folloback Sounds like the battle is really heating up. why does this sriracha sauce look like
Source: NBCNews - 🏆 10. / 86 Read more »

Facebook is partnering with a big UK newspaper to publish sponsored articles downplaying 'technofears' and praising the companyAfter years of negative headlines, Facebook has found a solution: Buying positive press. No surprise. Tavistock corruption. Lasst Ihn in Ruhe sonst werde ich unangenehm‼️‼️‼️‼️❗️ Krasses Foto/Bild❗️❗️❗️❗️❗️❗️🎰 The guardian did the right thing by funding their work by means of the public's donations on its website. It is important to find business models where independent journalism can be pursued. Guardiansupporter
Source: BusinessInsider - 🏆 729. / 51 Read more »