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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Former Financial Times editor Sir Richard Lambert is to join Bloomsbury as a non-executive chairman. Continue reading at The Bookseller
[ The Bookseller | 2017-06-20 00:00:00 UTC ]
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"I love you for saying that," says Kate Lewis, svp and editorial director for Hearst Magazines Digital Media (HMDM). We have asked her opinion on why the cyclical rediscovery of the fact that women's magazines cover politics persists. It works like this: an article or some sort of social media... Continue reading at AdWeek
[ AdWeek | 2017-06-16 00:00:00 UTC ]
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Poet laureate Carol Ann Duffy has written a poem responding to the general election result, painting a scathing portrait of prime minister Theresa May. Continue reading at The Bookseller
[ The Bookseller | 2017-06-13 00:00:00 UTC ]
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Many in the book trade have reacted with surprise and excitement to the shock General Election result, which saw the Conservatives fail to win a majority government, and Labour increase its number of seats by 29 – contradicting many pollsters’ predictions of a large Tory majority. Continue reading at The Bookseller
[ The Bookseller | 2017-06-10 00:00:00 UTC ]
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The Sun indulges its penchant for groan-inducing puns, the Mail pours scorn on Labour, and the Economist is a lone Lib Dem voice among the nationalsElection coverage 2017 – latest updatesThe Sun has urged its readers not to “chuck Britain in the Cor-bin” on its final front page before the... Continue reading at The Guardian
[ The Guardian | 2017-06-08 00:00:00 UTC ]
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According to The Bookseller’s online survey of the trade, 64.1% intend to vote for Jeremy Corbyn’s party at the polls next Thursday (8th June), while 15.7% will put a cross in the box of the Liberal Democrats, with the Conservative Party coming a close third on 13.1%. Continue reading at The Bookseller
[ The Bookseller | 2017-06-02 00:00:00 UTC ]
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Lawrence O’Donnell, host of "The Last Word" on MSNBC, has some advice for booksellers who have been in stress over the 2016 election results: chill out. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-06-02 00:00:00 UTC ]
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Unpaid freelancers, undelivered issues, layoffs, and tragically inadequate damage control at the beleaguered iconic magazine. The post Ebony Reminds Us How Not to Deal With a Crisis appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-06-01 00:00:00 UTC ]
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William D. Adams, chairman of the National Endowment for the Humanities (NEH), has resigned from his post shortly ahead of news that the White House plans its "orderly closure". Continue reading at The Bookseller
[ The Bookseller | 2017-05-26 00:00:00 UTC ]
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While living and working as an account executive for D Magazine in Dallas in 2009, she was diagnosed with stage 4 non-Hodgkin’s lymphoma and underwent chemo treatments for six months, and was then declared cancer free. “It taught me not to take anything for granted. And made me realize that... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2017-05-19 00:00:00 UTC ]
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Tim Hely Hutchinson will retire as CEO of Hachette UK at the end of 2017. He will be succeeded by David Shelley, CEO of Little, Brown Book Group and Orion. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-05-18 00:00:00 UTC ]
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With the UK's general election campaign now in full swing, a new study of 2,000 adults finds that 68 percent are concerned that fake news could influence the outcome. In addition, 26 percent are not confident in their ability to identify a fake story and a further 39 percent were unsure if they... Continue reading at Betanews
[ Betanews | 2017-05-11 00:00:00 UTC ]
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Icon Books is to publish a "careful examination" of Emmanuel Macron, the 39 year-old president-elect of France, by freelance journalist Adam Plowright. Continue reading at The Bookseller
[ The Bookseller | 2017-05-10 00:00:00 UTC ]
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Ebury has acquired an Alice in Wonderland themed political parody telling the story of Brexit. Continue reading at The Bookseller
[ The Bookseller | 2017-05-09 00:00:00 UTC ]
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As the new head of Barnes & Noble, Demos Parneros knows his top priority is to stop the sales slide that has plagued the company’s retail stores. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-04-28 00:00:00 UTC ]
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It's official: Time Inc. has not found a buyer -- and is no longer considering offers. In an announcement that put a cap on months of speculation over who would buy the publishing giant and when, Time Inc. said Friday morning that the "Company will continue to pursue its strategic plan."The... Continue reading at Advertising Age
[ Advertising Age | 2017-04-28 00:00:00 UTC ]
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Board books and mass merchandisers were the big winners in the final week before Easter. Unit sales of board books were 148% higher in the week ended Apr. 16, 2017, than in the comparable week in 2016. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-04-21 00:00:00 UTC ]
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Yesterday prime minister Theresa May announced her intention to call a snap general election on 8th June this year, pulling it forward from 2020. Continue reading at The Bookseller
[ The Bookseller | 2017-04-20 00:00:00 UTC ]
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The book trade has expressed surprise over the snap general election called by prime minister Theresa May and is divided over whether it will harm or boost the book market. Continue reading at The Bookseller
[ The Bookseller | 2017-04-20 00:00:00 UTC ]
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"This underlines the most important fact in digital publishing: People will pay for high-quality comment." The post Thanks to surprise British election, The Spectator triples daily subscriber sales appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2017-04-20 00:00:00 UTC ]
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