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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At a brief conference on Monday, B&N attorneys said the company will move for summary judgment on the most contentious and potentially costly claims in the wrongful termination suit filed against the retailer by former CEO Demos Parneros. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-11-05 05:00:00 UTC ]
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Bestselling novelist Marian Keyes will appear at the Southbank Centre in London in February, as part of its spring 2020 literature season, to discuss her upcoming novel Grown Ups (Michael Joseph). Continue reading at The Bookseller
[ The Bookseller | 2019-11-04 10:18:51 UTC ]
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The Publishers Association has sent a manifesto to all political parties ahead of the General Election setting out five key priorities for the industry, including committing to the UK’s copyright regime. Continue reading at The Bookseller
[ The Bookseller | 2019-10-30 06:27:43 UTC ]
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In an open letter to librarians published this week, Macmillan CEO John Sargent struck a somewhat conciliatory note over the issue of embargoing e-books to libraries, but his message remains unchanged: library lending of e-books pose a problem. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-10-30 04:00:00 UTC ]
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If successful, the move for summary judgment would narrow the scope of any future trial, B&N attorneys say, and more importantly knock out a claim for which former CEO Demos Parneros is said to be seeking roughly $70 million in damages. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-10-22 04:00:00 UTC ]
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Ford Motor Co.’s Jim Hackett and Wall Street analysts started this year frustrated with one another. Sure, the automaker had been underperforming, but the chief executive appealed for time to show he was fixing things. He assured them the redesigned Explorer SUV rolling out months later would be... Continue reading at Advertising Age
[ Advertising Age | 2019-10-21 21:58:49 UTC ]
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Digital media is poised for a major role in the 2020 election season. While we all know that elections are decided based on numerous factors, no one can deny that messages conveyed to would-be voters via media (whether it's paid, earned or owned) plays a major role in swaying the minds of the... Continue reading at AdWeek
[ AdWeek | 2019-10-16 15:10:26 UTC ]
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The president and CEO of Vroman's Bookstore will succeed Oren Teicher as CEO of the American Booksellers Association on March 1 of next year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-10-11 04:00:00 UTC ]
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Faber assistant editor Ella Griffiths has been appointed to the newly created role of editor with specific responsibility for Faber’s classics, backlist, and heritage publishing. Continue reading at The Bookseller
[ The Bookseller | 2019-10-03 02:21:36 UTC ]
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Apple has rolled out its publisher subscription service, Apple News+, to the U.K. some six months after announcing it in the Continue reading at Editor & Publisher
[ Editor & Publisher | 2019-10-01 19:00:00 UTC ]
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As with all publisher relationships with platforms, there are trade-offs to be made, depending on how far advanced publishers' subscription businesses are. The post Apple News+ launches in the UK with The Times and Hearst on board appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2019-09-30 18:05:44 UTC ]
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Ahead of a contentious 2020 U.S. presidential election, two trade bodies representing media agencies and publishers are working toward more sophisticated brand safety standards and how to apply them to news content. These organizations--the American Association of Advertising Agencies and... Continue reading at AdWeek
[ AdWeek | 2019-09-27 20:14:59 UTC ]
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[caption id="attachment_171661" align="alignright" width="150"] Emily Smith[/caption] Wild Sky Media has hired Emily Smith as its new CEO. Smith previously served as the company's SVP of content and marketing at Wild Sky Media, a role which Johanna Torres, formerly VP of content and editorial... Continue reading at Folio Magazine
[ Folio Magazine | 2019-09-26 17:39:26 UTC ]
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Carrie Plitt has been appointed as a director of Felicity Bryan Associates (FBA) and will join the board, three years after she joined the company. Continue reading at The Bookseller
[ The Bookseller | 2019-09-26 15:45:24 UTC ]
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EBay CEO Devin Wenig is stepping down from his position as the San Jose-based e-commerce company considers selling some assets and appoints an interim leader, the company announced Wednesday morning. Wenig, who also held the title of president and was a director of the company, had been with... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2019-09-25 15:54:56 UTC ]
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EBay CEO Devin Wenig is stepping down from his position as the California-based e-commerce company considers selling some assets and appoints an interim leader, the company announced Wednesday morning. Wenig, who also held the title of president and was a director of the company, had been with... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2019-09-25 15:52:24 UTC ]
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A few days before its annual Fall Trade Show, the Southern California Independent Booksellers Association board has passed a resolution to dissolve the bookselling organization at the end of 2019. SCIBA members will vote on the resolution at the trade show. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-09-24 04:00:00 UTC ]
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[caption id="attachment_170775" align="alignright" width="150"] Jennifer Litterick[/caption] EnsembleIQ's board of directors has appointed Jennifer Litterick as the company's next CEO, effective immediately, marking the third leadership change at the Chicago-based B2B publisher since its... Continue reading at Folio Magazine
[ Folio Magazine | 2019-09-09 19:33:28 UTC ]
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Outgoing American Booksellers Association CEO Oren Teicher, who has run the ABA for a decade, will receive this year's National Book Foundation's Literarian Award for Outstanding Service to the American Literary Community. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-09-09 04:00:00 UTC ]
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From food pioneer MFK Fisher’s timeless memoir to Zappos founder Tony Hsieh’s customer-centric mission statement, these are Hesser’s favorite books. 1. The Gastronomical Me, MFK FisherRead Full Story Continue reading at Fast Company
[ Fast Company | 2019-08-20 07:00:18 UTC ]
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