Publisher Of Ebony Shrinks In Search Of Growth

Johnson Publishing, primogenitor association of Ebony magazine, has a pithy pretension of “curator of a African-American experience.” But a corporate bottom ancillary that purpose keeps shrinking.

The company’s new preference to sell a ancestral imitation collection is a latest instance of downsizing, following a termination of Jet magazine’s imitation version, a sale of Johnson’s 11-story Michigan Avenue domicile and a paring of a workforce by a third given 2007. Now it’s perplexing to rent one of dual floors it rented during a new digs, after giving adult a third earlier.

Chicago Business

Article source: http://www.huffingtonpost.com/2015/02/09/publisher-ebony-shrinks-growth_n_6646182.html?utm_hp_ref=chicago&ir=Chicago