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 ]

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Watch Videos from Thursday at the Frankfurt Book Fair

Watch our Frankfurt Book Fair video interviews with Peter Usborne (Usborne Books), Bob Campbell (Wiley), Jamie Byng (Canongate), Richard Nash (Small Demons), and other leading figures in the publishing industry. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2013-10-11 00:00:00 UTC ]
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Download: Friday’s Frankfurt Show Daily 2013

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[ Publishing Perspectives | 2013-10-11 00:00:00 UTC ]
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[ Publishing Perspectives | 2013-10-11 00:00:00 UTC ]
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AUDIO: Bookshops 'are a pleasure'

Waterstones chief executive James Daunt and critic Alexandra Heminsley discuss the future of the publishing industry on 'Super Thursday'. Continue reading at BBC World

[ BBC World | 2013-10-10 00:00:00 UTC ]
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Frankfurt Book Fair 2013: What Is a Publisher Now?

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[ Publishers Weekly | 2013-10-09 00:00:00 UTC ]
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Flipboard Hits 90 Million Users, Nearly Doubles Since April

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[ Advertising Age | 2013-10-08 00:00:00 UTC ]
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[ Publishers Weekly | 2013-10-05 00:00:00 UTC ]
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[ Publishers Weekly | 2013-10-04 00:00:00 UTC ]
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Next Issue Media, the Hulu for iPad Magazines, Expands to Canada, Adds New Investor

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[ AllThingsD | 2013-09-27 00:00:00 UTC ]
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Oyster: A Gorgeous New App Offering Unlimited Books for $9.95 a Month

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[ Wired | 2013-09-05 00:00:00 UTC ]
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[ Publishers Weekly | 2013-08-09 00:00:00 UTC ]
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[ Engadget | 2013-08-08 00:00:00 UTC ]
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Engadget's laptop buyer's guide: summer 2013 edition

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[ Engadget | 2013-08-06 00:00:00 UTC ]
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Kickstarting: The Design of Intern Magazine Pays

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[ Fast Company | 2013-07-30 00:00:00 UTC ]
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Facebook For Every Phone? Not Quite, But Getting There

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[ Fast Company | 2013-07-22 00:00:00 UTC ]
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[ Editor & Publisher | 2013-05-28 00:00:00 UTC ]
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[ AllThingsD | 2013-05-22 00:00:00 UTC ]
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[ Publishers Weekly | 2013-05-12 00:00:00 UTC ]
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