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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Yesterday, the Senate Intelligence Committee released a damning, dense, bipartisan report on Russian interference in the 2016 election, and the Trump campaign’s ties to it. The report describes the conduct of Paul Manafort, Trump’s onetime campaign manager, as a “grave counterintelligence... Continue reading at Columbia Journalism Review
[ Columbia Journalism Review | 2020-08-19 12:30:03 UTC ]
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David Varno, the v-p of tech at the National Book Critics Circle and fiction reviews editor at 'PW,' has been elected president of the organization by its board of directors. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-08-05 04:00:00 UTC ]
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James Murdoch, son of News Corp founder Rupert Murdoch, is resigning from the family-controlled newspaper publisher’s board Continue reading at ABC News
[ ABC News | 2020-07-31 22:55:44 UTC ]
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Renard Press has made its first acquisition, landing Iain Hood's debut novel This Good Book. Continue reading at The Bookseller
[ The Bookseller | 2020-07-28 22:40:39 UTC ]
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Leaders will need to be resilient, open-minded, and creative. Poetry can show them the way. “I would like to beg you, dear Sir, as well as I can, to have patience with everything unresolved in your heart and to try to love the questions themselves as if they were locked rooms or books written... Continue reading at Fast Company
[ Fast Company | 2020-07-28 03:00:09 UTC ]
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Amanda Brainerd’s novel, Age of Consent, is out now, so we asked her a few questions about reading, writer’s block, and David Bowie. * Who do you most wish would read your book? Teenage girls—there are so few adult books written about them. What do you always want to talk about in interviews but... Continue reading at Literrary Hub
[ Literrary Hub | 2020-07-24 08:48:44 UTC ]
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In an email to its members on Wednesday, the National Book Critics Circle's board of directors announced that its members have called for a meeting to remove v-p of grants Carlin Romano from the board. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-07-23 04:00:00 UTC ]
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[caption id="attachment_126571" align="alignright" width="150"] Eric Zinczenko[/caption] After five years as CEO and 14 years with Bonnier Corp., Eric Zinczenko will be stepping down. Replacing Zinczenko will 25-year company vet, David Ritchie, who had been serving as EVP of operations out of... Continue reading at Folio Magazine
[ Folio Magazine | 2020-07-17 14:08:15 UTC ]
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The National Book Critics Circle has appointed 15 members to its board, which was gutted following a racially charged controversy last month. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-07-14 04:00:00 UTC ]
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An ongoing pause on large-scale gatherings in the U.S. during the second quarter of 2020, unsurprisingly, also led to a near-total shutdown of M&A activity in the conference and trade show space. At the onset of Q3, however, the Machine Learning Conference—an eight-year-old events series... Continue reading at Folio Magazine
[ Folio Magazine | 2020-07-13 16:41:14 UTC ]
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Richard Charkin and Emilie Marneur have joined the Bonnier Books UK board as non-executive directors. Continue reading at The Bookseller
[ The Bookseller | 2020-07-08 18:19:11 UTC ]
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The American Booksellers Association is asking its membership to vote to add two additional members to the organization's board, bringing to the total to 13, and approve new bylaws that would ensure four board members would be BIPOC booksellers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-07-08 04:00:00 UTC ]
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Judge Mary Kay Vyskocil has set August 6 at 11 a.m. for oral argument on a Barnes & Noble motion to knock out two of the most dangerous—and potentially costly—claims in a lawsuit filed against the retailer by fired CEO Demos Parneros in August of 2018. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-07-06 04:00:00 UTC ]
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When the pandemic shut down U.S. schools nationwide in March, Scholastic Corp. immediately offered a free online learning hub for millions families with kids Continue reading at ABC News
[ ABC News | 2020-07-05 14:03:09 UTC ]
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In an email to National Book Critics Circle members from the organization's v-p of membership, Richard Z. Santos, the NBCC provided an update on the current state of its board of directors and issues pertaining to the potential removal of one member. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-30 04:00:00 UTC ]
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Barnes & Noble Education said it was surprised to learn that Outerbridge Capital, which owns 13.5% of the company, plans to nominate four of its own candidates to run for B&NE's board of directors. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-30 04:00:00 UTC ]
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In the wake of the resignation of former CBLDF executive director Charles Brownstein, Paul Levitz is retiring from the CBLDF board of directors and the board has accepted the resignations of board members Jeff Abraham and Katherine Keller. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-30 04:00:00 UTC ]
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Review of ‘Rigged: America, Russia, and One Hundred Years of Covert Electoral Interference” by David Shimer Continue reading at The Washington Post
[ The Washington Post | 2020-06-25 05:00:11 UTC ]
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Dave Portnoy launched Barstool Sports in 2003 as a print publication about sports gambling and fantasy sports projections. In the later 2000s, it became a company known for raunchy blog posts and throwing paint parties for college students at bars. Fast-forward to 2020, and it's one of the most... Continue reading at AdWeek
[ AdWeek | 2020-06-23 22:10:32 UTC ]
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One week after the National Book Critics Circle released an anti-racism pledge following the publication, on Twitter, of an email critical of certain phrases in that pledge, a now-gutted NBCC board of directors has released a statement addressing how it intends to move forward. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-18 04:00:00 UTC ]
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