Johnson Publishing once chronicled black life in Ebony and Jet. It sold the magazines in 2016 and now it's going out of business.
by Corilyn Shropshire, Chicago Tribune
Apr 10, 2019
2 minutes
CHICAGO - Johnson Publishing, whose iconic Ebony and Jet magazines chronicled black life in America for decades, has filed for bankruptcy and plans a court-supervised sale of its assets.
The 77-year-old company, which sold Ebony and Jet almost three years ago, on Tuesday filed for Chapter 7 bankruptcy after it was unable to restructure its operations or arrange financing or a sale.
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