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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Larry Hackett, managing editor of People magazine, has been re-elected president of the American Society of Magazine Editors today at its annual meeting. Continue reading at Folio Magazine
[ Folio Magazine | 2011-06-08 00:00:00 UTC ]
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Written By: Lisa Campbell Publication Date: Wed, 01/06/2011 - 14:45 Consumer-facing books website Hive has launched today (1st June), with around 350 independent bookshops signed up as members. The site, which can be visited at http://www.hive.co.uk, went live just hours ago in a soft launch... Continue reading at The Bookseller
[ The Bookseller | 2011-06-01 00:00:00 UTC ]
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Lisa Gersh has been tapped as president and chief operating officer of Martha Stewart Living Omnimedia (MSLO), effective June 6. Continue reading at Folio Magazine
[ Folio Magazine | 2011-05-25 00:00:00 UTC ]
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Forget digital versus print for a moment, and consider a cookbook's format. Think back to the last time you used a cookbook in the kitchen. Was the book covered in a dust jacket? A cumbersome, flappy dust jacket? If it wasnt, was that because you had ripped it off? Or were you cooking from an... Continue reading at Publishers Weekly
[ Publishers Weekly | 2011-04-18 00:00:00 UTC ]
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Newsweek chairman Sydney Harman has died, according to The Daily Beast. He was 93. Continue reading at Folio Magazine
[ Folio Magazine | 2011-04-13 00:00:00 UTC ]
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Written By: Lisa Campbell Publication Date: Fri, 25/03/2011 - 08:34 The board of Easons has reiterated its support for managing director Conor Whelan after a second vote of no confidence in him was passed by management union members. The Bookseller believes a second unanimous vote of no... Continue reading at The Bookseller
[ The Bookseller | 2011-03-25 00:00:00 UTC ]
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Recognizing the fluid state of digital magazine publishing, the ABC board of directors has just modified a key requirement for qualifying a "replica" digital edition. Advertising in the print and digital editions no longer needs to be identical. The board's vote at their mid-March meeting was... Continue reading at Folio Magazine
[ Folio Magazine | 2011-03-22 00:00:00 UTC ]
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Zinio CEO Rich Maggiotto has posted an open letter apologizing for the digital newsstand being down for several days last week and attributing the problem to "misconfigured operational scripts that took down both core and redundant servers at Continue reading at Folio Magazine
[ Folio Magazine | 2011-03-15 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Fri, 18/02/2011 - 08:18 Virago is publishing a new collection of 13 early short stories by Daphne du Maurier, including five discovered by a Cornish bookseller and du Maurier enthusiast. read more Continue reading at The Bookseller
[ The Bookseller | 2011-02-18 00:00:00 UTC ]
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