Publisher of iconic black magazines files for bankruptcy

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AP
article author: 
ID: 
1554852211682734300
Tue, 2019-04-09 23:03

CHICAGO: Chicago’s iconic Johnson Publishing Co., owner for decades of Ebony and Jet magazines that helped change the image of black people portrayed by US media, has filed for bankruptcy liquidation in federal court.
In announcing the petition filed Tuesday, the company said it was “caught in a tidal wave of marketplace changes and business issues which, despite exhaustive efforts, could not be overcome.”

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