Johnson Publishing Co., former Publisher of Ebony and Jet Magazines, has Filed for Bankruptcy in a Federal Court in Chicago
April 10, 2019
CHICAGO (AP) — Johnson Publishing Co., former owner of the iconic Ebony and Jet magazines that helped changed the negative image of black people portrayed by U.S. media, filed for bankruptcy liquidation Tuesday in a federal court in Chicago. In announcing the Chapter 7 bankruptcy petition, the company said it was “caught in a tidal wave of marketplace changes and business issues which, despite exhaustive efforts, could not be overcome.” The issues included the bankruptcy of a major retailer that carried its Fashion Fair Cosmetics line, a “costly recall” of products and increasing competition from digital rivals, the company said.
