Johnson Publishing, the former publisher of Ebony and Jet
magazines, filed for Chapter 7 bankruptcy last week, NPR and others reported.
Founder
John H. Johnson died in 2005, and running the company fell to daughter Linda
Johnson Rice.
In 2016,
Clear View Ventures, a black-owned private equity firm based in Texas
In 2010,
Rice sold the JPC Tower on Chicago ’s Michigan Avenue Columbia College
The company
says it will sell what’s left of its assets, including a photo archive and
Fashion Fair Cosmetics, according to NPR.
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