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Johnson Publishing sells Ebony, Jet magazines to Texas firm

After a 71-year run in Chicago, Johnson Publishing is removing out of publishing.

The association pronounced Tuesday it has sole Ebony, a iconic African-American lifestyle magazine, and a now digital-only Jet repository to Clear View Group, an Austin, Texas-based private equity firm, for an undisclosed amount.

Johnson Publishing will keep a Fashion Fair Cosmetics business and a ancestral Ebony imitation archives, that stays adult for sale. The deal, that sealed in May, also enclosed a arrogance of debt.

A family-owned business via a history, Ebony has documented a African-American knowledge given it initial strike newsstands in 1945. It has done enlightenment ever since, entrance into a possess as it reported from a front lines of a polite rights transformation during a 1960s in absolute photos and prose.

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