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ESSENCE Is ‘Black-Owned’ Again!

What a fantastic way to kick off 2018!

Yesterday, [1/3/2018] ESSENCE Magazine advised its team and readers that the company is now black owned once again!

For those who didn’t know, according to an article published by Black Enterprise in 2013, ESSENCE’S Co-Founder, Edward Lewis actually defended his decision to sell the Magazine. In the article he stated:

“Edward Lewis, co-founder of Essence Magazine, is defending his decision to sell the legacy publication to Time Inc. after recent criticisms from recently ousted editor-in-chief Constance White and Essencereaders.

In an interview with Journal-isms, Lewis said he would “absolutely” sell the black women’s magazine if he had to do it all again.

“It’s very difficult for any size magazine to be standing out here alone without some other support elsewhere,” Lewis said on his decision to sell the publication in 2005.

White, whose departure from Essence went public on Feb. 8, blamed repeated clashes with Time Inc. editor Martha Nelson, who White says tried to limit the way black women were portrayed.

“To change the voice, I don’t think would make any sense. They don’t have a clue about African Americans. That’s where we came in, and where we have come in for 43 years,” Lewis said.”

The magazine was sold by Edwards in 2005!

After this fiasco, you can only imagine the face of every black woman in the world yesterday when they found out the good news!

ESSENCE IS BLACK-OWNED AGAIN!

In a released statement published online in the magazine, writer Vanessa K. De Luca stated:

“It is with great joy that we announced today, Jan. 3, 2018, that Essence Communications is under new ownership: Essence Ventures LLC, an independent African-American-owned company focused on merging content, community and commerce.

We wish you could have been in the room to see the excitement and pride on the Essence Teams’ faces as we gave them the good news. The new journey on which we are embarking will be fueled not only by the passion we have (and have always had) for Black women, but also that Black women will be at the helm as we move forward. Michelle Ebanks will serve as the president of ESSENCE Communications.

Thank you, dear Essence audience, for being in our corner and supporting us over these last 47 years, and we hope you’ll continue to support our work, because we know that we work for you. And nothing makes us happier.

We’d love to hear your thoughts about the news, and how we can best serve you in the year ahead. Feel free to reach out to us on social media.

Thank You,

Team ESSENCE”

#Salute #BlackPrivilege #2018 #TheTakeover

About kmwexclusive@gmail.com

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