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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Kelly, Smart Named Co-CEOs at DK

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[ Publishers Weekly | 2022-04-06 04:00:00 UTC ]
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The year, and the election, that set America’s path for the 21st century

The events of 2000, including the disputed election and the 9/11 hijackers' preparations, "broke" America, Andrew Rice argues. Continue reading at The Washington Post

[ The Washington Post | 2022-03-18 12:00:11 UTC ]
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Newly Published, From a Vermont Sanctuary to Chicago’s Spoken Word

A selection of books published this week; plus, a peek at what our colleagues around the newsroom are reading. Continue reading at The New York Times

[ The New York Times | 2022-03-16 09:00:00 UTC ]
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Q&A with VAB CEO Sean Cunningham on the trade org’s role in the TV ad industry’s measurement makeover

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[ Digiday | 2022-03-04 05:01:00 UTC ]
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Comscore CEO retiring as Nielsen rival gets big chance and more competition

Bill Livek announces departure amid growing industry interest in Nielsen competitors. Continue reading at Advertising Age

[ Advertising Age | 2022-03-01 00:04:04 UTC ]
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ABA Town Hall Focuses on Board's Commitment to Free Speech

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[ Publishers Weekly | 2022-02-18 05:00:00 UTC ]
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Sarah Baker Elected Executive Director of SCBWI

The Society of Children's Book Writers and Illustrators' board of directors has elected Sarah Baker the organization’s new executive director, succeeding the organization's cofounder, Lin Oliver. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-02-09 05:00:00 UTC ]
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Bradley Graham Steps Down as ABA Board President

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[ Publishers Weekly | 2022-02-01 05:00:00 UTC ]
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Sales of Maus Soar After a Tennessee School Board Banned the Book

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[ Slate | 2022-01-30 22:54:35 UTC ]
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Scheffler ousts Ross at the top of annual illustrator chart as big brand creatives rule

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[ The Bookseller | 2022-01-29 03:07:14 UTC ]
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Tennessee School Board Bans Graphic Novel Maus Right Before Holocaust Remembrance Day

The "Orwellian" decision to ban a graphic novel that depicts the horrors of the Holocaust was made days before Holocaust Remembrance Day. Continue reading at Book Riot

[ Book Riot | 2022-01-27 17:45:36 UTC ]
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Young love: picture books oust children’s fiction for the first time in two decades

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Inside the ideological divide between the Fed’s board and its bankers

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[ The Washington Post | 2022-01-21 13:00:09 UTC ]
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[ Slate | 2021-12-13 20:06:19 UTC ]
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Quarto Names Alison Goff New CEO

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Corey Lewandowski Said Trump Used Election Fraud Lie So 'He Can Say He Didn't Lose': Book

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