Historian Victor Davis Hanson on the Farmer's Virtues - American Essence The original name in concept was Sapphire. New CEO of Ebony and Jet maps a comeback for Black magazine - Los Essence Communications Inc., the 48-year-old mutliplatform brand that owns Essence magazine and the annual Essence Festival, has gone back to black (ownership), having been acquired by Essence Ventures LLC, an independent African-American-owned company, Essence Ventures announced in a press release. Essence Magazine Founder Says He Doesn't Regret Selling to Time Inc. He vowed that Essence Ventures would bring heightened inclusivity to BeautyCon. *Terms apply. Receive updates about new stories in the industry. Speculation Centers on Value of Successful Festival. The top editor of Bon Apptit, Adam Rapoport, resigned last month after a photo of him costumed in stereotypical Puerto Rican attire resurfaced on social media. Altogether Richelieu and the Dennis family directly and indirectly buy the silence of current and former Essence Black female employees who fear backlash of Richelieus massive financial and social capital, the authors wrote. Mr. Dennis said that he was raised by a single mother who read Essence magazine and that his four daughters read it. Its true that lifestyle giant CondNast is in the midst of a major austerity program, but its competitor Hearst recently acquired indie publisher Rodale, which owns titles like Mens Health and Prevention. Shea Moisture Founder Buys Essence Magazine, Returns to 100 Percent Later in the essay, the writers said the problems at Essence predated the arrival of Mr. Dennis. The cookie is used to store the user consent for the cookies in the category "Analytics". 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.. Ebanks will also have equity stake in the business along with the executive team of ESSENCE. The sale of Essence to Mr. Dennis comes at time when traditional media companies continue to struggle to adapt to an increasingly digital landscape, challenges also faced by black-owned media. It is a magazine that focuses on traditional American values and great American stories. This cookie is set by GDPR Cookie Consent plugin. It is a brand I only see at Target. who owns essence magazine | Orbit Savor each page [of American Essence]. Essence Communications Inc. (ECI) was founded in 1968 by Clarence O. Smith, Cecil Hollingsworth, Jonathan Blount, Denise M. Clark, and Edward Lewis. Bain Capital took a minority stake in Sundial in 2015 in a deal that valued the company at roughly $700 million. Niecy Nash and Jessica Betts are the first same-sex couple on Essence The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The website for Bright is The Epoch Times (see below). The magazine was founded in 1970 as a black-owned publication for black women who, coming out of the Civil Rights era and in the midst of a new feminist wave, were eager to read not only about fashion and beauty but careers and spirituality too. Forbes reports that he and his cofounder and mother Mary owned 51% of the company and walked away with an estimated $850 million fortune, making them two of the wealthiest Black entrepreneurs in the world. Although financial details remain confidential, Essences sale comes at a precipitous time for both the magazine and the larger media landscape. We value Black activism. So lets GOOOOOOOOOO!!! Essence magazine sold (Image Source: Facebook/@Essence) Since 1970 Essence has been the premiere fashion and culture magazine for women of color. Essence Communications announced Thursday that it was acquired from Time Inc. by Essence Ventures for an undisclosed sum. Since 1970, Essence Communications has served as a source of empowerment for black women across its platforms, including its flagship print magazine, television specials, and the annual Essence . While [people] say they want to protect Black women, thats a lie. Essence Magazine Leaves Time Inc. And Is Now Completely - Okayplayer In the same . Throughout the years, I have seen her with various writers, artists, activists, and its easy to see that she is loved. African-America backing, she notes, is not only symbolically important, but ownership is an important pillar of economic empowermentand directly builds wealth and strengthens communities of color., Black media insiders also applauded the Essence deal. We have an opportunity to control our media and tell our own story and that is often muted when traditional media companies that represent the African-American culture are owned by someone outside of an African-Americans hands it loses something. An anonymous post on Medium that said it was written by current and former Essence employees is part of a social media campaign for change at the groundbreaking Black media brand. Sources familiar with Essence told Page Six that it is likely that current and former employees wrote the anonymous op-ed. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". A target of Black Female Anonymous is Richelieu Dennis, the owner of Essence Ventures, the parent company of the magazine and Essence Communications. Article length can vary from 500 to 2500 words. The executive team will also have an ownership interest in the business. Essence Ventures is founded and chaired by Richelieu Dennis, founder of Sundial Brands which owns Shea Moisture. Black News and Black Views with a Whole Lotta Attitude. Even with your apology, [victims] still have their trauma and the after-effects. All of that changed this week after it was announced that the company has been sold to Essence Ventures LLC, a company launched in 2017 by Shea Moisture founder Richelieu Dennis. The Essence motto is Black women come first, and Mr. Dennis said he intended to live up to it. It focuses on culture, beauty, fashion, and entertainment. The coronavirus pandemic didnt help financial matters. The most valuable part of writing a business plan is the education you gain by researching and . Essence Communications, a brand known for its popular monthly magazine and annual music festival, is once again 100 percent African-American owned. 1028 on display. Essence CEO Richelieu Dennis Resigns Following Scathing Op-Ed (Page Six), These Mother-And-Son Entrepreneurs Went From Selling Soap On Harlem Streets To An $850 Million Fortune (Forbes). Essence has necessarily brokered introductions between Black ideas and Black people. Please email all questions and submissions to jennifer.diane@epochtimes.nyc. Its branding was so popular . This acquisition of Essence represents the beginning of an exciting transformation of our iconic brand as it evolves to serve the needs and interests of multigenerational black women around the world in an even more elevated and comprehensive way across print, digital, e-commerce and experiential platforms, said Ebanks. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Thank you for being in our corner over the last 47 years. American Essence April 24, 2022 Liberty Tree: A Look at Thomas Paine's Song Celebrating the Beauty of American Freedom In a chariot of light from the regions of day, The Goddess of Liberty. Im not surprised people are not talking, DelSol said. The whole idea when [BeautyCon] was founded was to be an inclusive place for all women to express their individual beauty, Dennis said. Derek T. Dingle, chief content office of Black Enterprise magazine, described it as groundbreaking, and lauded Essences return to black ownership as a rare event in contemporary black business history.. We can now invest in women of color as consumers.. This cookie is set by GDPR Cookie Consent plugin. Inside 'The Epoch Times,' a Mysterious Pro-Trump Newspaper - The Atlantic It began publishing Essence magazine in May 1970. We idolize Black capitalism, Black consumerism, and Black wealth over Black people, and I dont see this being an issue at all for them. Co-founded by Ed Lewis and Clarence Smith in 1968, Essence has been one of the lifestyle go-to companies for African-American women. This website or its third-party tools process personal data.In case of sale of your personal information, you may opt out by using the link. The company owns . and a graphic artist! The strategic vision and leadership that Michelle has provided to ESSENCE over the years have been exemplary, and we are thrilled to work with her and her talented team to provide the necessary resources and support to continue to grow the engagement and influence of the ESSENCE brand and transform this business, Dennis said. When it started off, we knew their demographic. Ebanks insists this sacred wall will still be honoredand that Essence is not directly owned by Sundial, but rather a separate Dennis-helmed entity. The company said that there had not been claims or evidence of sexual harassment or misconduct and that it would review any new instances brought to HR. This major move marks. For an optimal experience visit our site on another browser. American Essence magazine is a breath of fresh air in troubled times! 'Essence' Just Took the Lead in Serving Women of Color. Here's Why It As reported earlier by Journal-isms for The Root, the Essence brand was not part of the historic, nearly $3 billion sale of Time Inc. to the Meredith Corp. in November 2017. Magazine articles are $250 per article. On Jan. 17, Brides magazine reported that Tony Award-winning actress Anika Noni Rose -- who famously voiced Tiana in the animated Disney movie "The Princess and the Frog" -- married actor Jason . - Monica Guza .. non-political, real-life look at goodness, decency, and excellence in the world. According to reports, Merediths goal upon full ownershipis to save $400 million to $500 million over the next two years. Celebrating 50 Years of Essence as a Black Women's Archive The release states further that Essence will focus on expanding its digital businesses and continue to plant its rich content in more global markets (the Essence Festival launched a Durban, South Africa, festival in 2016). This was an important week for minority media. The Life And Legacy Of ESSENCE | Essence Entertainment & Arts How a $970,000 award represents hope and change for a Black L.A. dance company Jan. 15, 2021 Founded in 1945 by Chicago-based publisher John H. Johnson, Ebony magazine was. Receive updates about new stories in the industry daily or weekly. This acquisition of Essence represents the beginning of an exciting transformation of our iconic brand as it evolves to serve the needs and interests of multigenerational Black women around the world in an even more elevated and comprehensive way across print, digital, e-commerce and experiential platforms, Essencepresident Michelle Ebanks told Business Wire, who will keep her place at the helm of the company will also joining its board of directors. It tells the stories of real Americans who take individual initiative to make their lives and the lives of others better. Black women deserve to feel safe both in white America and Black America., In a Wednesday letter to Ms. Wanga, Black Female Anonymous asked for a guarantee that Mr. Dennis would not have a role in running Essence and that the three other executives they had identified leave the company by the close of business on Friday. Instead, he framed his latest venture as part of a mission to fight racism in the retail industry. Theyre going to look like whistleblowers, theyll look like sellouts, theyll look like theyre bringing down the quintessential definition of what Black excellence looks like. They neglected their niche of Blackness their base demographic of Black women with kinky hair. With Sale, Essence Is Once Again a Fully Black-Owned Magazine But this month, he was back. We dont want @Essence to fold, the group said. . Again, with skinnys I like my booty to be covered as much as possible. Mr. Dennis, the founder of Sundial. Starting with the magazine in 1970, it has expanded globally, eventually leading to the annual Essence Music Festival in 1995 and online website ESSENCE.com. Essence President Michelle Ebanks will continue at the helm of the company and will join its board of directors; she will also have an equity stake in the business. Essence currently reaches over 16 million people via social media, print, digital engagement and live events, according to a spokeswoman for Essence Ventures. As the Time-Meredith deal closes, Time Inc. has been quietly selling off its more niche titles, including the lifestyle-focused Sunset and now Essence. The Essence team denied the allegations in a statement Monday, calling them mischaracterizations and unfounded attempts to discredit our brand and assassinate personal character.. For more than 50 years, ESSENCE has been a leader in promoting Black-Owned beauty brands. On Tuesday two days after the essay was posted Mr. Dennis named her the interim chief executive. Dennis bought Essence from Time Inc. in 2018 for an undisclosed sum. (Time Inc.s golf magazines and entire UK division are also on the market.) But opting out of some of these cookies may affect your browsing experience. Melody Spann-Cooper, chairwoman of Midway Broadcasting Corporation, which owns WVON, a Chicago radio station whose target audience is black, welcomed Essence's return to being an. Essence Ventures LLC, an independent black-owned company today announced its acquisition of Essence Communications Inc., home of Essence magazine, from Time Inc. on Wednesday. HOME - American Essence Mike Rowe: America's Favorite Apprentice Channaly Philipp Mike Rowe, America's perpetual apprentice, has been giving viewers a front-row seat to our country's dirtiest jobs for nearly 20 years. Best-known for massive magazine brands like Time, People, and Sports Illustrated, Time Inc. bought Essence more than a decade ago, back when the publishing company was one of Americas most formidable media giants. Its branding was so popular that Time Inc., purchased the magazine and for the past 12 years, a publication dedicated to Black women was in White hands. The letter, which was posted on social media, also demanded that Essence be transparent about the law firms it will hire for the planned review, adding that they must not have ties to Mr. Dennis or others in leadership roles.In an Instagram post on Thursday, Ms. Wanga sounded optimistic about the future of Essence.
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