Chicago91裸聊视频檚 iconic Johnson Publishing Co., owner for decades of Ebony and Jet magazines that helped change the image of black people portrayed by U.S. media, has filed for bankruptcy liquidation in federal court.
In announcing the petition filed Tuesday, the company said it was 91裸聊视频渃aught in a tidal wave of marketplace changes and business issues which, despite exhaustive efforts, could not be overcome.91裸聊视频�
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The company was founded in 1942 by John H. Johnson in Chicago when he launched Negro Digest with a $500 loan secured by his mother91裸聊视频檚 furniture. He later went on to found Ebony magazine in 1945 and Jet magazine in 1951.
Johnson publishing at one time also owned a top-rated Chicago radio station and Fashion Fair Cosmetics.
In 2016, Ebony and Jet were sold to Texas equity firm Clear View Group.
The Associated Press
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