Filed under: Money
From The Atlanta Post: The end of an almost 70-year legacy is upon us as the last bastion of black-owned media space known as the Johnson Publishing Company, owner of Ebony and Jet magazines, will now only be partly black-owned.Johnson Publishing announced last week that JPMorgan Chase & Co.'s special investments group has acquired a "substantial" minority stake in the company. It is the first time in the company's history that it will not be fully family-owned.
Find out what that means for the black audience here.