Johnson Publishing Company has sold EBONY Magazine, EBONY.com, and JetMag.com to Clear View Group, LLC.

Johnson Publishing Company has sold EBONY Magazine, EBONY.com, and JetMag.com to Clear View Group, LLC.

Deeply engrained in African-American cultural heritage, EBONY and JET magazines represent trusted voices in the Black community, and serve as an ideal vehicle for marketers attempting to reach a broad cross-section of the African-American community in a brand-safe environment.

EBONY, which was founded in 1945, remains the #1 monthly magazine and source for an authoritative perspective on African-American culture and social issues. The editorial content of the magazine features the African-American community’s best thinkers, trendsetters, hottest celebrities and next-generation leaders.

JET magazine was founded in 1951 and quickly played a vital role in covering the African-American experience during the Civil Rights Movement. JET was published weekly in a digest-size until it was recently transitioned into a digital-only format (JETMag.com) in 2014.

Clear View Group, LLC is a private equity firm, focus on acquisitions of U.S. based, middle market companies.

Johnson Publishing Company, the publisher of EBONY magazine (“EBONY” or the “magazine”) and JET, has been a pillar of the African-American community for more than 70 years since its founding by John H. Johnson and his wife Eunice Johnson in 1942.

DeSilva+Phillips advised Johnson Publishing Company on the sale of EBONY and JET Magazines to Clear View Group, LLC.

Details
Transaction TypeM&A Sell-side
ClientJohnson Publishing
Sold toClear View Group, LLC.
IndustryMedia
DateMay 2016