Jan13
Ed Lewis Defends Essence Magazine Sale (Atlanta Daily World)
on January 13th, 2005 at 2:50 amPosted In: Uncategorized
The announcement this week that the corporate parent of Essence Magazine was selling the company to magazine behemoth Time Inc. was the latest example of Black media companies being purchased by non-Black firms.
A little more than five years after BET was sold to Viacom for $3.3 billion, the founder of Essence Communications, Ed Lewis, decided that in order for the magazine to grow and prosper, it needed to be with a company such as Time Warner, even if that means the nation’s second-largest Black magazine would no longer be owned by African Americans. (more…)
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