Under Newly Elected Chairman, Ebony Board Ousts CEO

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 ]

Other news stories related to: "Under Newly Elected Chairman, Ebony Board Ousts CEO"

Creative Access calls for publishing mentors

Diversity social enterprise Creative Access is launching a new mentoring scheme and is seeking volunteers from the publishing industry. Continue reading at The Bookseller

[ The Bookseller | 2017-12-05 00:00:00 UTC ]
More news stories like this

Publishers have 'huge opportunity' in content marketing says Chowney

There is “huge opportunity” for the publishing industry to make money out of content marketing, an industry predicted to grow to $413bn (£305bn) by 2021. Continue reading at The Bookseller

[ The Bookseller | 2017-12-02 00:00:00 UTC ]
More news stories like this

Meredith says Koch brothers will not have control after helping finance Time acquisition

Magazine publisher and broadcast company Meredith Corp. is acquiring Time Inc. in a deal valued at $2.8 billion as it seeks to adapt to the publishing industry’s challenge of migrating from print to the digital age. The Des Moines-based company said Sunday it would pay $18.50 a share for New... Continue reading at Los Angeles Times

[ Los Angeles Times | 2017-11-28 00:00:00 UTC ]
More news stories like this

The UK’s Second ‘Inclusivity Conference’ Grapples With Diversity Issues

Told that the publishing industry 'has a responsibility to be a beacon of inclusivity,' delegates to the UK's diversity conference look at challenges. The post The UK’s Second ‘Inclusivity Conference’ Grapples With Diversity Issues appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2017-11-14 00:00:00 UTC ]
More news stories like this

The Real Value Of 'Comp Titles' Is Broader Than You Think

Comp titles, known in the publishing industry interchangeably as “comparative” or “competitive” titles, are a wonky industry Continue reading at HuffPost

[ HuffPost | 2017-11-06 15:15:50 UTC ]
More news stories like this

Frankfurt Book Fair 2017: Macron, Merkel Speak of a Europe United by Culture

The two leaders touched on not only the power of culture to hold Europe together, but also on some issues within the publishing industry, including copyright and digitization. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-10-11 00:00:00 UTC ]
More news stories like this

The Not-So-Glossy Future of Magazines

Magazines still line classic newsstands like this one in Harvard Square in Cambridge, Mass. But the publishing industry has faded. Continue reading at The New York Times

[ The New York Times | 2017-09-23 00:00:00 UTC ]
More news stories like this

The Publishing Industry Knows ‘Winter Is Coming.’ Here’s How It Can Move Forward

Graydon Carter, 25 years. Robbie Myers, 17 years. Cindi Leive, 16 years. Nancy Gibbs, 4 years as editor in chief and 28 more at the company. All four major magazine editors, at Vanity Fair, Elle, Glamour and Time, respectively, have stepped down from their positions within the month of... Continue reading at AdWeek

[ AdWeek | 2017-09-15 00:00:00 UTC ]
More news stories like this

Book trade network for LGBTQ+ people launches

Pride in Publishing (PiP), a brand-new networking group for LGBTQ+ people in the industry, has launched in order to create a way for queer members of the publishing industry to meet up, connect with others and find peer support. Continue reading at The Bookseller

[ The Bookseller | 2017-08-25 00:00:00 UTC ]
More news stories like this

The Man Booker Prize class of 2017

Gavin James Bower says the Man Booker Prize longlist shows the publishing industry needs to start talking about class seriously. Continue reading at The Bookseller

[ The Bookseller | 2017-08-05 00:00:00 UTC ]
More news stories like this

After 37 Years of Adweek’s Hot List, We’re Changing Up the Way We Honor Publishers

In the 37 years since Adweek first honored standout magazines in its annual Hot List, the publishing industry has undergone a massive transformation (to put it mildly), which we've been helping our readers navigate in our pages and online. As such, we felt that the Hot List itself was due for a... Continue reading at AdWeek

[ AdWeek | 2017-07-26 00:00:00 UTC ]
More news stories like this

Tony Ross tops 'most borrowed illustrators' list

Data released by Public Lending Right (PLR) has revealed that "Horrid Henry" creator Tony Ross was the UK's "most borrowed" illustrator across public libraries last year. Continue reading at The Bookseller

[ The Bookseller | 2017-07-14 00:00:00 UTC ]
More news stories like this

Norman Pearlstine, Time Inc. Vice Chairman, to Retire

Pearlstine will retire in mid-July after a 40-year run in the publishing industry. The post Norman Pearlstine, Time Inc. Vice Chairman, to Retire appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2017-07-12 00:00:00 UTC ]
More news stories like this

The LA Review of Books and USC undertake a summer publishing workshop

A five-week summer program created by the L.A. Review of Books is currently underway at USC to help people break into the publishing industry. But that industry, despite having some local stars, is centered 3,000 miles away. “We do want to make people job ready," said LARB publisher and editor... Continue reading at Los Angeles Times

[ Los Angeles Times | 2017-07-09 00:00:00 UTC ]
More news stories like this

Redmayne hails 'terrific year' at HarperCollins Summer Party

Charlie Redmayne paid tribute to the veterans of the publishing industry who had passed away in the “brutal” last year at the HarperCollins summer party. Continue reading at The Bookseller

[ The Bookseller | 2017-07-07 00:00:00 UTC ]
More news stories like this

Trade figures say campaign needed to promote the value of books and reading

Leading figures have urged the publishing industry to pool its data and money to create a cross-industry campaign about the value of books and reading. Continue reading at The Bookseller

[ The Bookseller | 2017-06-23 00:00:00 UTC ]
More news stories like this

'Unbelievable' response to Newham Bookshop appeal for Grenfell Tower victims

The publishing industry has rallied round to support Newham Bookshop’s charity drive for victims of the Grenfell Tower in London. Continue reading at The Bookseller

[ The Bookseller | 2017-06-16 00:00:00 UTC ]
More news stories like this

Borsenverein figures break down Germany's book sales for 2016

Sales of books and journals in Germany across 2016 were up marginally for the first time since 2013, according to data released by trade association Börsenverein des Deutschen Buchhandels. Continue reading at The Bookseller

[ The Bookseller | 2017-06-13 00:00:00 UTC ]
More news stories like this

Crunching the numbers on the Jhalak Prize

The inaugural Jhalak Prize for Book of the Year by a Writer of Colour was awarded in March. Co-founder and chair of judges Sunny Singh analyses what the 100-plus submissions made to the prize reveal about the publishing industry. Continue reading at The Bookseller

[ The Bookseller | 2017-06-03 00:00:00 UTC ]
More news stories like this