One can’t help but feel for the print/ publishing industry.  Over the last year the industry has epitomized the countries economic woes.  We’ve seen the links of King Magazine fold and the catastrophic collapse of the historic Vibe Magazine and subsequent purchase.

But could Ebony, the nation’s oldest magazine devoted to African-American life be in trouble as well? The magazine founded by John H. Johnson and has published continuously since the Autumn of 1945.  However it appears Johnson’s daughter and current chairman and CEO, Linda Johnson Rice of Johnson Publishing has decided to sell its flagship publication and is seeking a buyer or investor.

Rice has reportedly approached Time, Viacom, and private investors to solicit their interest in the possible sale.  that include buyout firms. The aforementioned could be interested as an extension of their African-American brand roster with Time Inc. already owning Essence while Viacom, owns BET.

At this point the news is based on credible speculation and there is no indication of any negotiations or if JET, Johnson Publications other prized magazine would be included on the sale.

While such casualties are to be expected in a tough economic climate its quite sad to see peices of our history being chipped away at.  African Americans don’t have a lot to hold onto physically in terms of American history.  Much of our story has been told in terms of the leaders that have personified our path.  Publications like Essence and Ebony have documented this rich history and stand as one of the few artifacts in which to hold on to.  

Via: Newsweek