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Essence Black Women In Hollywood Awards - Inside

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.

‘Essence’ Magazine Returns To All-Black Ownership, Social Media Approves was originally published on globalgrind.com

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10 thoughts on “‘Essence’ Magazine Returns To All-Black Ownership, Social Media Approves

  1. I’m excited, I stopped supporting Essence a few years ago when they featured a black man with a white woman in their “Black love feature”.

  2. Don’t see many if any other races in black churches on Sunday morning.
    No need to see them in my magazine exclusively for me. Waiting to see what happens before buying

    • Miriam Gibson on said:

      Sister Gillespie was tremendous back in the day. But that was quite a while ago. She may be in retirement Mode now. I was so happy when Essence first came out, I gave subscriptions to my daughters, and other young women I was mentoring. Had been waiting so long for magazines about us!!

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