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 ]
News tagged with: #data released #creative ways #months ago #publishing industry

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Time Inc. CEO: No Mergers Until at Least Next Year

Don't expect Time Inc. to merge with any of its magazine rivals soon.Time Inc. CEO Joe Ripp told investors Thursday that no mergers would happen until at least June 2016, which is the two-year anniversary of Time Inc. spinning off from Time Warner."The safest thing is to wait two years," he... Continue reading at Advertising Age

[ Advertising Age | 2015-02-13 00:00:00 UTC ]
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Thrillist CEO Ben Lerer: Publishers Must Find Revenue Sources Beyond Advertising

For Thrillist, remnant advertising is non-existent and ads aren't sold programmatically. Instead, the digital publisher embraced ecommerce. That business is now three times the size of its ad business. Continue reading at AdAge.com Continue reading at Advertising Age

[ Advertising Age | 2015-02-10 00:00:00 UTC ]
More news stories like this | News stories tagged with: #ad business #sold programmatically


Folio Holdings Board to assume Gavron's role

The non-executive Folio Holdings Board is to assume responsibility for the role the late Lord Gavron played as Chairman of The Folio Society, it has been confirmed. Gavron died this weekend at the age of 84. Continue reading at The Bookseller

[ The Bookseller | 2015-02-10 00:00:00 UTC ]
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When They Got the Call: PW Speaks with the Newly Minted Newbery, Caldecott, and Printz Winners

PW speaks with the three big winners of the ALA's Youth Media Awards, about what they were doing when the committee placed the call that changed their lives. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-02-03 00:00:00 UTC ]
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Changes on Board for NCIBA

Northern California Independent Booksellers Association president Calvin Crosby has resigned his position, now that he has joined McSweeney's as marketing director. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-01-30 00:00:00 UTC ]
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Pearson chairman Moreno to step down

Glen Moreno is preparing to step down from his role as chairman of Pearson after a decade, according to Sky News. Sources told the broadcaster that Pearson's nominations committee had enlisted JCA Group, a City headhunting firm, to oversee the process of recruiting Moreno's successor. Continue reading at The Bookseller

[ The Bookseller | 2015-01-29 00:00:00 UTC ]
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SAGE's Marar joins board of CfSS

SAGE's global publishing director Ziyad Marar has been appointed to the board of The Campaign for Social Science. The CfSS is one of the leading advocates for social sciences in the UK. Marar has been active in initiating and supporting SAGE's global work in campaigning for the social sciences,... Continue reading at The Bookseller

[ The Bookseller | 2015-01-28 00:00:00 UTC ]
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The National's sales slump but Newsquest eyes general election fillip

Sales of Scotland’s first pro-independence daily paper falls to 15,000 – a quarter that of launch edition – but publishing group remains committed to investing in the titleSales of the National have fallen below 20,000 as the novelty of Scotland’s first pro-independence daily newspaper appears... Continue reading at The Guardian

[ The Guardian | 2015-01-27 00:00:00 UTC ]
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Harper CEO Not Testifying in Latest E-book Price-Fixing Case

In a brief brief order this week, Judge Denise Cote ruled that plaintiffs in a second ebook price-fixing case cannot depose HarperCollins CEO Brian Murray. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-01-27 00:00:00 UTC ]
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Bonnie Greer joins ALCS board

Writer and critic Bonnie Greer has been appointed to the board of The Authors’ Licensing and Collecting Society (ALCS). Greer will serve a one-year term as a non-executive director for the organisation. Among Greer’s aims are to help the new generation of writers to understand intellectual... Continue reading at The Bookseller

[ The Bookseller | 2015-01-16 00:00:00 UTC ]
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Farage to publish pre-election book with Biteback

Biteback Publishing has signed a new book by UK Independence Party (UKIP) leader Nigel Farage. The Purple Revolution: The Year that Changed Everything was signed by Biteback m.d. Iain Dale in a deal with Charlie Brotherstone at Ed Victor. Continue reading at The Bookseller

[ The Bookseller | 2015-01-14 00:00:00 UTC ]
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Marunas Named Publisher at Quercus U.S.; Shelley to CEO at Little, Brown U.K.

Nathaniel Marunas has been named publisher of the U.S. division of British publisher Quercus, and David Shelley has been named as the successor to Ursula Mackenzie at Little, Brown U.K., with MacKenzie set to retire. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-01-12 00:00:00 UTC ]
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Former Microsoft CEO Steve Ballmer rides his replacement's success to $3 billion windfall

Microsoft's history books will undoubtedly remember 2014 as the year of Satya Nadella. But Steve Ballmer, his predecessor, is the one reaping the majority of the benefits of the new CEO's popularity. Sure, Nadella hit a $90 million jackpot when we took the top job at the world's second most... Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2015-01-03 00:00:00 UTC ]
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Peter Booth Wiley to Retire as Company Chairman

Peter Booth Wiley, chairman of the board of John Wiley & Sons, plans to retire as chair at the end of his current term in September 2015. Matthew S. Kissner has been recommended to succeed him. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-12-22 00:00:00 UTC ]
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Bustle CEO: Depending on Facebook is a mistake

Bustle CEO Bryan Goldberg just raised another $15.5 million in venture capital for his women's interest site, and says, no, there is no publishing bubble. The post Bustle CEO: Depending on Facebook is a mistake appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2014-12-19 00:00:00 UTC ]
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Guardian CEO: 'The Idea We Will Survive By Becoming a Technology Company is Garbage'

The sky-high valuations of digital publishers such as BuzzFeed and Vox are fuelled by the idea that the media company of the future also has to be a tech company. Almost every new digital media business from Mashable to Pierre Omidyar's First Loo ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2014-12-09 00:00:00 UTC ]
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Will Rebekah Brooks really replace Robert Thomson as News Corp's CEO?

Website speculates on changes at Rupert Murdoch’s publishing company Continue reading... Continue reading at The Guardian

[ The Guardian | 2014-11-21 00:00:00 UTC ]
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ALCS needs more diversity says chairman

The board of the Authors’ Licensing and Collecting Society (ALCS) is a “rather white, middle-class group, which does not reflect the diversity of the UK and our membership”, the chairman has said. Adam Singer, introducing ALCS’s annual report ahead of the group’s AGM next week, said that... Continue reading at The Bookseller

[ The Bookseller | 2014-11-20 00:00:00 UTC ]
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Meredith’s Lacy Named MPA Chairman

Stephen Lacy was named chairman of the board of directors for the MPA—The Association of Magazine Media on Wednesday. Lacy, chairman and CEO of Meredith Corp., takes over for Michael Clinton, president and director of marketing and publishing for Hearst Magazines, who'd served Continue reading at Folio Magazine

[ Folio Magazine | 2014-10-31 00:00:00 UTC ]
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Apple CEO Tim Cook speaks out: ‘I’m proud to be gay’

Apple CEO Tim Cook on Thursday published a moving essay in Bloomberg Businessweek in which he publicly announced for the first time that he is gay. Cook is the first CEO of a Fortune 500 company to publicly come out.Cook is famously private and said he doesn’t think of himself as an activist,... Continue reading at PC World

[ PC World | 2014-10-30 00:00:00 UTC ]
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