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Back in 2019, the original owners, Johnson Publishing Company, filed for bankruptcy. Both Ebony and Jet Magazine were sold in 2016, theGrionotes, to the Texas-based company now also facing bankruptcy.
In December 2020, Bridgeman, via Bridgeman Sports and Media, bought Ebony and Jet for $14 million after the magazines had declared bankruptcy earlier in the year. [ 19 ] On May 26, 2022, Manna Capital Partners, an investment firm cofounded by Bridgeman, announced that the firm had partnered with Ball Corporation to construct and operate an ...
The company began publishing Ebony magazine in November 1945. Ebony focused on African-American community, culture, and achievements. The magazine quickly became successful, at one time gaining more than 1.3 million readers. After the instant success of Ebony, Johnson created another publication, named Jet in 1951.
Ebony is a monthly magazine that focuses on news, culture, and entertainment. Its target audience is the African-American community, and its coverage includes the lifestyles and accomplishments of influential black people, fashion, beauty, and politics.
It looks like Ebony magazine has a new shot at life. Retired NBA player turned successful entrepreneur Ulysses “Junior” Bridgeman purchased the magazine in US Bankruptcy Court this week ...
Former NBA player Ulysses “Junior” Bridgeman acquired Ebony and Jet magazines from bankruptcy through his company Bridgeman Sports and Media at the end of last year for a reported $14 million ...
In 2020, Ulysses “Junior” Bridgeman, a former NBA basketball player, became the new owner of Ebony Media's assets for $14 million in a bid out of a Houston bankruptcy court. Bridgeman placed a bid of $14 million to take ownership of the company. His sports and media group has hired Michele Ghee as Jet and Ebony magazine's new CEO. [20]
Former NBA player Ulysses “Junior” Bridgeman has emerged as the likely next owner of legacy Black media company Ebony, after bidding $14 million for it in U.S. Bankruptcy Court. Bridgeman ...