'Essence' Magazine Is Black-Owned Again
‘Essence’ Magazine Returns To All-Black Ownership, Social Media Approves
Source: Rich Polk / Getty
On Wednesday, Black-owned company, Essence Ventures LLC, announced that they acquired Essence Communications Inc. — the media company behind Essence magazine.
Essence Ventures LLC is led by Richelieu Dennis, the same founder of Shea Moisture hair and skin products.
His company acquired Essence Communications Inc. from Time Inc., which makes Essence magazine a 100% Black owned business again. Current Essence President Michelle Ebanks will continue to lead the magazine and its multiple platforms. The all Black women executive team, including Ebanks, will also have an equity stake in the business.
Folks across Black Twitter are celebrating this big move. Swipe through to check out people’s reactions.
https://twitter.com/freeblackgirl/status/948638134618607617
READ MORE STORIES ON BLACKAMERICAWEB.COM:
- Mario Checks Fans For Touching His Manhood While Performing
- 50 Cent Celebrates Forthcoming Release Of His Netflix ‘Sean Combs: The Reckoning’ Documentary—‘They Said I Was Capping’
- Campbell’s Executive Faces Backlash Over Alleged Comments About Products and Customers
GET THE HOTTEST STORIES STRAIGHT TO YOUR INBOX:
‘Essence’ Magazine Returns To All-Black Ownership, Social Media Approves was originally published on globalgrind.com
