Was Ebony and Jet mag sold for less then 2 million?
Staff Writer
2016-06-15
.bugnews.bloggieblog.com .
Well, after all these years, one of the African Americans community national news outlets has been sold. The new owners intentions are unknown. The new owners are the Clear View Group but didn’t disclose the sale price. Clear View Group is based in Texas.
For the longest, traditional print publications have been hit hard by the internet. Many think. Traditional print publications had poor management and could not adjust to the changing times of media in the various new forms.
Unnamed sources are estimating the historical publication was sold for less then 2 million due to the large debt. The Chicago Tribune has more details about the current publications status source
