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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Harper Business has acquired world English rights to Microsoft CEO Satya Nadella’s first book, 'Hit Refresh,' which is slated to hit shelves in fall 2017. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-06-29 00:00:00 UTC ]
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Blackwell’s head of operations Kate Stilborn has been appointed to the bookshop’s board as customer service and operations director. Continue reading at The Bookseller
[ The Bookseller | 2016-06-21 00:00:00 UTC ]
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Following Edwards' departure, David Carey announces restructuring of Hearst Magazines to follow global strategy. The post Duncan Edwards Steps Down as CEO of Hearst Magazines International appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2016-06-15 00:00:00 UTC ]
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Clear View Group says it will retain the 71-year-old magazine's print edition and most of its staff. The post Johnson Publishing Sells Ebony, Jet to Private Equity appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2016-06-15 00:00:00 UTC ]
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The National Book Foundation has appointed Cheryl Cohen Effron and Jennifer Rudolph Walsh to its board of directors, which has grown to include 22 members. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-06-08 00:00:00 UTC ]
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A Tribune Publishing investor sued the media company's directors and Chairman Michael Ferro for spurning an $864 million buyout offer from Gannett and seeking a cash infusion from a billionaire health-care entrepreneur.Tribune's board members are seeking to unfairly entrench themselves by taking... Continue reading at Advertising Age
[ Advertising Age | 2016-06-03 00:00:00 UTC ]
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In a tight three-person race, James G. (Jim) Neal, university librarian emeritus at Columbia University, New York, has been elected president of the American Library Association (ALA) for 2017-2018. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-04-29 00:00:00 UTC ]
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The International Federation of Library Associations (IFLA) is pushing back against Hachette CEO Arnaud Nourry's suggestion that proposed "vast exceptions to copyright law for libraries," would devastate European publishers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-04-13 00:00:00 UTC ]
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Hachette CEO Arnaud Nourry said defeating the European Commission's copyright proposals should be the IPA's "number one" goal. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-04-10 00:00:00 UTC ]
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After the success of Ted Rall's 'Bernie,' the publisher has commissioned works on Hillary Clinton and Donald Trump to drop during this election cycle. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-04-08 00:00:00 UTC ]
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Amazon.com chief executive Jeff Bezos said that his company is about to debut a new version of the Kindle ebook reader. Continue reading at Stuff
[ Stuff | 2016-04-05 00:00:00 UTC ]
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The publishing service provider promotes its former COO, while John R. Ingram will remain chairman. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-04-04 00:00:00 UTC ]
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Incoming ALA president Julie Todaro talks funding, Spanish-language services, and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-04-01 00:00:00 UTC ]
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Eighty-eight French publishers and some 28,000 French-language titles are represented in bookstore Albertine's ebook expansion. The post 28,000 French-Language Ebooks Are Newly Available in the US appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2016-03-30 00:00:00 UTC ]
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ICM Partners has added nine agents as partners, including literary agent Alexandra Machinist. The agency completed a firm buyout in 2012 that brought control of the company into the hands of its agents and top executives. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-03-29 00:00:00 UTC ]
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Three award-winning New Zealand authors are travelling to Marlborough in July for the region's third annual book festival. Continue reading at Stuff
[ Stuff | 2016-03-22 00:00:00 UTC ]
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Meredith Corp. has considered splitting its broadcast and publishing units, perhaps uniting one with a strategic partner, Chief Executive Officer Stephen Lacy said.The idea is one of several possibilities the company is considering after its plan to merge with Media General fell through, Mr.... Continue reading at Advertising Age
[ Advertising Age | 2016-02-03 00:00:00 UTC ]
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Chair of book publisher Penguin Random House UK and Wikipedia founder take up their roles with immediate effectGuardian Media Group has appointed Baroness Rebuck, the chair of book publisher Penguin Random House UK, and Wikipedia founder Jimmy Wales to its board.They join other high profile... Continue reading at The Guardian
[ The Guardian | 2016-01-27 00:00:00 UTC ]
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A story by Potter titled 'The Tale of Kitty-in-Boots' was recently found and will be released by Penguin Random House in September. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2016-01-27 00:00:00 UTC ]
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Beusse, an executive with experience at USA Today and Westwood One, is succeeding David Nussbaum, who left F+W in late 2015 after eight years at the company. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-01-20 00:00:00 UTC ]
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