The board of directors at Ebony has removed CEO Willard Jackson, the magazine said Sunday, citing an ongoing independent investigation into "a number of transactions that Jackson led." A co-founder and vice chairman of Clear View Group (CVG), the private equity firm that acquired Ebony from Johnson Publishing in 2016, Jackson had been serving as Ebony's chairman and CEO since 2018. The board's decision, however, was made under newly elected chairman Jacob Walthour, the co-founder and CEO of Blueprint Capital Advisors, which recently became senior lender to Ebony Media Holdings after taking over Parkview Capital Credit, the investment management firm that had financed CVG's 2016 acquisition of the magazine through a series of loans. "We took over Parkview Capital Credit on April 29, and then I immediately went on the board in May," Walthour told Folio: on Monday. "Our first board meeting was when we started asking a lot of questions." Walthour didn't share many specifics on the decisions that precipitated Jackson's removal as CEO, but said there were "a number of transactions, both corporate and personal" that raised concerns. Clear View Group did not immediately respond to a request for comment. "At this stage in the inquiry, we felt like there was enough ‘there’ there to affect a leadership change," Walthour said. "A lack of transparency was part of it. More troubling was a failure to follow the process and protocol of the company. There are certain transactions that... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2020-07-06 17:59:58 UTC ]
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The sudden end to the case comes after Barnes & Noble attorneys in September succeeded in knocking out Demos Parneros's claim of defamation, and just days before a scheduled pretrial conference on the parties' remaining claims. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-10-27 04:00:00 UTC ]
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Yellow Kite has acquired All on the Board: Inspirational Quotes from the anonymous Transport for London "underground duo". Continue reading at The Bookseller
[ The Bookseller | 2020-10-14 20:56:10 UTC ]
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Bookshop.org, a retail site billed as a way for indies to counter Amazon’s online dominance, has today revealed the members of its UK board. Continue reading at The Bookseller
[ The Bookseller | 2020-10-13 09:56:56 UTC ]
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All the best slumber parties come complete with a confession or two. Here’s one of mine: I have never ever actually played “Light as a Feather, Stiff as a Board.” This despite being the type of eighth grader who shoplifted spell books from my local Barnes & Noble and then proceeded to cast... Continue reading at Literrary Hub
[ Literrary Hub | 2020-10-06 08:49:52 UTC ]
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We’re a little more than a month out from Election Day and the New York Times nonfiction bestseller list is looking predictably odd. In a year when books about anti-racism have reached unprecedented sales, so too has the tide of journalistic blockbusters and books by conservative mainstays been... Continue reading at Literrary Hub
[ Literrary Hub | 2020-09-25 13:58:38 UTC ]
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In seeking to end support for ALA, some library board members at the Medina County District Library in Ohio complained that the organization's support for racial and social justice issues was too politically partisan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-09-25 04:00:00 UTC ]
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John Murray has acquired Emily Layden's debut novel All Girls, already optioned by HBO, exploring assault, consent and "what it means to be a young female in today’s world". Continue reading at The Bookseller
[ The Bookseller | 2020-09-24 22:43:02 UTC ]
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Emma Paterson is joining Aitken Alexander's board of directors in recognition of her “proven taste and excellence as an agent”. Continue reading at The Bookseller
[ The Bookseller | 2020-09-23 20:06:18 UTC ]
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Tom Grady, CEO and publisher of Ave Maria Press, retires this month after 15 years at the Catholic press. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-09-23 04:00:00 UTC ]
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The three major shareholders of the parent company of Hachette Book Group—Vivendi, Amber Capital, and Qatar Capital—are now aligned in a push to control four of the nine seats on the company board. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-09-23 04:00:00 UTC ]
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Former Disney chairman Andy Bird is to take up job at education publishing group in OctoberPearson has suffered a significant shareholder revolt against controversial changes to its remuneration policy, which will grant its new chief executive a multimillion-dollar pay package.Almost a third of... Continue reading at The Guardian
[ The Guardian | 2020-09-18 14:02:55 UTC ]
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President Obama announced Thursday that his forthcoming memoir, 'A Promised Land,' will take readers inside his White House. Continue reading at Los Angeles Times
[ Los Angeles Times | 2020-09-17 15:24:24 UTC ]
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John Sargent departs as CEO of Macmillan on January 1, 2021 because of 'disagreements regarding the direction of Macmillan,' says Stefan von Holtzbrinck. The post Macmillan: Don Weisberg To Succeed John Sargent as CEO; Susan Winslow Leads Learning appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-09-17 15:16:05 UTC ]
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BookMachine has announced a new editorial board, with some former members stepping down to make way for change, to better reflect the diversity it hopes to see in the industry. Continue reading at The Bookseller
[ The Bookseller | 2020-09-14 05:55:52 UTC ]
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A big congratulations to Viet Thanh Nguyen, who is joining the Pulitzer Prize Board as its first Asian-American and Vietnamese-American member. After an extensive nominating process, the board chooses the winners from a list of finalists in each category and may additionally give a Special Award... Continue reading at Literrary Hub
[ Literrary Hub | 2020-09-08 18:40:01 UTC ]
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Knocking out the defamation claim is a potentially substantial victory for Barnes & Noble, as previous filings suggest that former CEO Demos Parneros was seeking approximately $70 million in damages for the defamation claim alone. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-09-04 04:00:00 UTC ]
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Clavis Publisher and CEO Philippe Werck believes there is illustration talent all over the world—and in launching the U.S. Key Colors Competition, he set out to find it. (Sponsored) Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-08-30 04:00:00 UTC ]
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The National Book Critics Circle's v-p of grants will see out the remainder of his term, which ends in 2022, after a contentious membership meeting narrowly failed to attain the two-thirds majority of attendee votes required for his removal. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-08-26 04:00:00 UTC ]
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With voter registration deadlines approaching and misinformation around voter fraud spreading, a newly-formed coalition of writers is volunteering their time to defeat Donald Trump in the presidential election this fall. The group, Writers Against Trump—whose initial members include Paul Auster,... Continue reading at Literrary Hub
[ Literrary Hub | 2020-08-25 17:07:21 UTC ]
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The Seuss summer is an expansive one in Europe as Slovakia, Albania, and Germany open new licensing deals with the famous brand. The post Dr. Seuss Powers Ahead, With Newly Expanded Licensing in Europe appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-08-20 17:45:59 UTC ]
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