Magic Johnson to buy ‘Ebony’ publisher

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    Earvin Magic Johnson could soon expand his empire to the publishing world.
     
    Bloomberg.com reports that the former NBA player is in talks to take over Johnson Publishing Co., famous for its flagship publications Ebony and Jet.  Under the prospective deal, the magazine publisher would be absorbed by Magic Johnson Enterprises. A source close to the agreement said that Magic would also buy Johnson Publishing’s Chicago offices.

     
    MJE President Eric Holoman confirms that “there have been discussions” about Magic buying Johnson Publishing, but “there’s no definitive agreement.” However, a spokesperson for the magazine company said Johnson CEO Linda Johnson Rice hasn’t talked to Magic about a possible acquisition. 

     
    The founder of Johnson Publishing, John H. Johnson, passed away on five years ago. More recently, his wife Eunice Johnson died last month. Although Ebony is something of a powerhouse, the Publishers Information Bureau found that ad sales for the magazine dropped 38 percent last year.

     
    Johnson Publishing would certainly be in good hands with MJE, which has lucrative partnerships with Starbucks and T.G.I. Friday’s.



     

     

    — Sonya Eskridge


     

     

     

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    21 thoughts on “Magic Johnson to buy ‘Ebony’ publisher

    1. This is nice post which I was awaiting for such an artice and I have gained some useful information from this site. Thanks for sharing this information..
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    2. I’m always so impressed with Magic Johnson’s endeavors. What an entrepreneur. I think Ebony will be in good hands if Magic does go through with the acquisition, and I’ll bet the downturn of sales ads is a mild dip, anyway. wheelchair van

    3. I find it interesting that Magic Johnson could soon expand to the publishing world. Now, I don’t know much about the publishing world so after I’ll clean the griddle electric I hope to find more articles and information about these news about Johnson.

    4. Earvin “Magic” Johnson was one of them. How big is a basketball player was Johnson? So great, perhaps, that future generations of hoop fans may have scraps the world earlier this year, just so you could have seen Magic play in person instead of seeing only the short.

    5. In my opinion suicide = cowardice. I really believe that. My father is a professor and he told me a story once that I’ll never forget. One student, one day after school, went home and committed suicide in her bathroom. The funeral was held in the school gym. Then my dad said: “If that boy had expected just a year or two … I bet all they have worked for him.” I think this is completely true. Those who have been hard hard, nobody wants to say otherwise, that is their business. But none of that is worth your life? You just give it all as well? I think it shows a total lack of strength and maturity.mensagens

    6. His teammate Michael Cooper, on the amazing ability to step in Magic:. “There have been times when he has thrown passes and I was not sure where I was going Then one of our guys catches the ball and scores, and run back up the floor convinced that there must be thrown by someone. SUV Reviews

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    12. Despite his HIV status, he continues to do well in all endevors. He is a cut above the rest that’s for sure. Maybe his purchase of the mag will bring revenues up. Good luck to you, Mr. Johnson.

    13. Thanks a lot for sharing such nice information. Actually I was looking for online store for buying rugby kit and somehow stumbled upon your post. I think that the business is going to a good hand. Magic Johnson is a legendary player and he knows the goal. I believe that he can take the business to the peak.

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