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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Penny Scott-Bayfield, current finance director of Conde Nast, will be joining the Bloomsbury board as group finance director. Continue reading at The Bookseller
[ The Bookseller | 2018-04-20 00:00:00 UTC ]
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BookExpo announced two panels that will be held at its forthcoming trade show featuring a number of industry CEOs and leaders, including the top executives at Penguin Random House, Simon & Schuster and Macmillan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-04-19 00:00:00 UTC ]
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Time Warner Inc.’s chief executive testified Wednesday that the government’s assertions that AT&T Inc. wanted to buy the company to use its programming as leverage over distributors “makes no sense” because it would limit viewership. “I think it’s ridiculous. It’s not how this works,” Jeff... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-04-18 00:00:00 UTC ]
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Facebook Inc. Chief Executive Mark Zuckerberg faced criticism Tuesday from senators over his company’s handling of user data in a Capitol Hill hearing that could amount to a reckoning on the technology industry and its practices. “Let me just cut to the chase. If you and other social media... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-04-11 00:00:00 UTC ]
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Penguin Random House has named Madeline McIntosh to the newly created position of CEO of Penguin Random House US, and promoted Allison Dobson to president of Penguin Publishing Group. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-04-05 00:00:00 UTC ]
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Following 2017's Market Focus Poland and this year's Market Focus Baltics, Indonesia will be the highlighted nation at London Book Fair in 2019. And in New York City, Markus Dohle names Madeline McIntosh to lead Penguin Random House US. The post Industry Notes: Indonesia Named London’s 2019... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-04-05 00:00:00 UTC ]
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Facebook Inc. Chief Executive Officer Mark Zuckerberg hit back against Tim Cook, calling the Apple Inc. CEO's criticism of the social-media giant "extremely glib."Cook was asked about Facebook's privacy crisis last month and called for stronger regulation of user data. A day after, Cook said he... Continue reading at Advertising Age
[ Advertising Age | 2018-04-03 00:00:00 UTC ]
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Meredith Corp. CEO Tom Harty had some big news to share with Time Inc. staffers during a town hall yesterday in New York: Legendary (and newly acquired) titles Sports Illustrated, Fortune, Money and Time will be sold. The Iowa-based Meredith owns monthly magazines that target women, including... Continue reading at AdWeek
[ AdWeek | 2018-03-22 00:00:00 UTC ]
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Michael W. Ferro Jr. stepped down as chairman of the newspaper publisher Tronc after a period of intense scrutiny that included newsroom unrest at The Los Angeles Times. Continue reading at The New York Times
[ The New York Times | 2018-03-20 00:00:00 UTC ]
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NBC News' Chairman Andrew Lack isn't optimistic on Facebook."Facebook doesn't have value for publishers really," Lack told reporters during a press briefing on NBC News' digital initiatives on Wednesday. "I call them Fakebook.""What's frustrating about Facebook is you can't have a relationship... Continue reading at Advertising Age
[ Advertising Age | 2018-03-15 00:00:00 UTC ]
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'We have no choice but to interpret this suit as the intimidating action that it is,' says the leadership of the Association of Canadian Publishers in a statement on the lawsuit by almost 100 school boards and education ministries. The post Canadian Publishers Blast School Boards’ Lawsuit of... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-03-01 00:00:00 UTC ]
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A 31% leap in the print unit sales of board books in the week ended Feb. 18, 2018, helped drive total unit sales 5% higher than in the similar week in 2017 at outlets that report to NPD BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-02-23 00:00:00 UTC ]
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Richard Johnson is stepping down as group CEO of U.K.-based Bonnier Publishing (a subsidiary of Sweden’s Bonnier Books) after nearly nine years in the role. Jim Zetterlund, currently COO and CFO of Bonnier Books, has been named acting CEO. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-02-23 00:00:00 UTC ]
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Following a six-month search, seasoned market research exec David Shanker will succeed Peter Hoyt at the helm of the B2B publisher. The post EnsembleIQ Names New CEO appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2018-02-22 00:00:00 UTC ]
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T-Mobile US CEO John Legere wants to sell his New York penthouse for $22 million. The four-bedroom, four-bathroom apartment in Manhattan's Lincoln Square neighborhood has a view of Central Park and was originally owned by newspaper publisher William Randolph Hearst, according to the... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2018-02-13 00:00:00 UTC ]
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On the same day that Lululemon Athletica announced the sudden exit of CEO Laurent Potdevin over a failure to meet company standards, it appointed a new leader for its marketing.The Vancouver-based company on Monday named Celeste Burgoyne, executive VP for the Americas, to handle brand marketing.... Continue reading at Advertising Age
[ Advertising Age | 2018-02-07 00:00:00 UTC ]
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French authorities have deployed boats and helicopters off the coast of southwest France to search for Pierre Agnes, the chief executive of sportswear maker Boardriders Inc. — the parent of the Quiksilver, Roxy and DC Shoes brands — after his empty boat was found washed ashore. The port authority... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-01-31 00:00:00 UTC ]
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Chris Ferrell's newly formed Endeavor Business Media acquires Grand View's Process Flow Network, says more deals are on the horizon. The post Former SouthComm CEO Starts New Company, Acquires Three Magazines appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2018-01-23 00:00:00 UTC ]
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Academic and policy expert Richard Fisher has been named the vice chair of the board of trustees at Yale University Press London. Continue reading at The Bookseller
[ The Bookseller | 2018-01-23 00:00:00 UTC ]
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The National Book Foundation has elected Lucia Ferreira, Michael Lynton, and Michelle Weiner to its board of directors. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-01-18 00:00:00 UTC ]
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