and a graphic artist! We are looking for experienced, freelance writers that are passionate and knowledgeable in the field of classical art to cover areas in the following categories: For more information, visit their websites: Radiant Life, American Essence, and The Epoch Times. Bennett Raglin / Getty Images For SheaMoisture, Lifestyles publisher Meredith buying Time Inc. in Koch brothers-backed deal. Although financial details remain confidential, Essences sale comes at a precipitous time for both the magazine and the larger media landscape. As a subscriber, you have 10 gift articles to give each month. According to reports, Merediths goal upon full ownershipis to save $400 million to $500 million over the next two years. 2,017 people have signed it. Essence currently reaches an audience of more than 16 million across its various platforms, including its print magazine; digital, video and social platforms; television specials; books; and live events, such as the annual Essence Festival, a 22-year-old cultural celebration that attracted more than 450,000 attendees to New Orleans last summer. Black News and Black Views with a Whole Lotta Attitude. Im very focused on giving back, investing and growing my community, he said. Essence Names Interim Chief After Claim of Abusive Work Culture, https://www.nytimes.com/2020/07/02/business/media/essence-magazine-accusations.html. Sundial Brands announced in November a partnership with Unilever to acquire Sundial. Ebony is a monthly magazine that focuses on news, culture, and entertainment. The most valuable part of writing a business plan is the education you gain by researching and . Why the FT bought a majority stake in Endpoints News, Vice News Tonight canceled, company announces layoffs, The Messenger hires Scotti as a biz and finance editor, Traditional Art (Paintings and Sculptures from Renaissance to early 1900s), Classical Architecture and Houses of Beauty in America as well as Europe, History of Performative Art (opera, theatre and ballet), All applicants must send a sample of their writing along with their resume. In the same . 1035, and the Maine Classic Car Museum has No. Essence Ventures announced in a press release, in November, Unilever acquired the parent company for SheaMoisture, Sundial Brands. 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.. Essence said that he helped lead the team but never took on the role and responsibilities as CEO. In 2000, Time Inc. acquired a 49 percent stake of Essence from its founders and acquired the remaining percentage five years later. 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. The magazine focuses on fashion, pop culture, music and black life. So lets GOOOOOOOOOO!!! What we now have is an opportunity to have the liquidity to make investments in Essence, said Mr. Dennis. The essay also had criticism for two other Essence leaders, the chief operating officer, Joy Collins Profet, and the chief content officer, MoAna Luu. IE 11 is not supported. Our free, fast, and fun briefing on the global economy, delivered every weekday morning. Essence magazine is a monthly publication whose target audience is African American women. Essence currently reaches over 16 million people via social media, print, digital engagement and live events, according to a spokeswoman for Essence Ventures. Essence Communications announced Thursday that it was acquired from Time Inc. by Essence Ventures for an undisclosed sum. The conversations @richelieudennis and I started a few months ago about his strategic vision for @Essence and the opportunity to be on a team furthering the health/wealth of the global black diaspora, across a portfolio of businesses including @essence, was a win. A win stitched together by a 50-year legacy of black creatives, businesses, and community that I would be honored to be a part of., Ms. Wanga noted that she had learned there are things that need to be better for our team and culture and Im ready to begin that work, adding, Im committed to flourishing while fixing and fastening what needs to work to be in service to our teams, communities and partners. Ebanks directly links this growth to Essences new all-black ownership. They also alleged that he tried to force Essence employees and contractors to sign non-disclosure agreements to protect himself and his family members who worked in leadership positions at Essence. Essence Ventures swooped in at a foreclosure sale to acquire BeautyCon, the so-called Super Bowl of the Beauty industry that nearly filed for bankruptcy last year after being ravaged by the pandemic, financial issues, staff layoffs, and unpaid bills. The Epoch Times is looking for writers who are passionate and knowledgeable in the field of classical art. Got it from Dillards for $14. Receive updates about new stories in the industry daily or weekly. This is a continuation of my quest to do that.. In addition, it represents a critical recognition, centering and elevation of the black women running the business from solely a leadership position to a co-ownership position.. It will serve as a guide to make your entrepreneurial dreams a reality, help you avoid costly mistakes, assist in financial preparations, serve as a resume of sorts for future potential business partners and much more.. iEmerge in a duo. https://t.co/q2BGN0pxNF pic.twitter.com/CbLQlpK9Qz. His departure was part of a larger revolt at the magazines parent company, Cond Nast. We are hiring for both print as well as online articles. Lou Carlozo, Editor and Publisherlou@talkingbiznews.comChris Roush, Founderchristopher.roush@quinnipiac.edu, Talking Biz News is a division of Vested LLC31 E. 17th St.New York, NY 10003917-765-8720. This was an important week for minority media. 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). Im not surprised people are not talking, DelSol said. In its tipping guide . American Essence Magazine is also a nonpolitical magazine that aims to showcase the values and traditions of American culture with stores of the people and places, past and present, that helped and continue to help shape this nation. About - Essence Celebrity OTE - Meagan Good Daniel Kaluuya Digital Cover Digital Cover Method Man Digital Cover Zazie Celebrity News 'Yes, Girl!' Podcast Entertainment Black Celeb Couples. Despite being profitableand operating the massively successful music festival that anchored the summer-movie hitGirls Tripno major publisher thought that Essence was a worthy acquisition. It is owned by Essence Ventures, an independent African-American owned company focused on merging content, community, and commerce to meet the evolving cultural and lifestyle needs of women of color.. American Essence Magazine is also a nonpolitical magazine that aims to showcase the values and traditions of American culture with stores of the people and places, past and present, that helped and continue to help shape this nation. For more than 50 years, ESSENCE has been a leader in promoting Black-Owned beauty brands. "There's nobody who owns a factory like this that could make thousands, 10 thousand pieces or more, that pays New York 48 . I see this being extremely profitable, honestly, just because people are going to spend money however they want to. Since 1970 Essencehas been the premiere fashion and culture magazine for women of color. Essence, a 48-year-old monthly lifestyle magazine, has a majority-black readership. Members of the team were excited about the announcement. In the Medium essay and on social media, Black Female Anonymous has called for the resignations of Ms. Profet and Ms. Luu; demanded that Ms. Ebanks leave the board; and demanded that Mr. Dennis have nothing to do with running Essence. Black Women In Hollywood To Know: Creatives | Essence Meet the writers, hair stylists, costume designers, and all around creatives who are setting the standard today. Dennis acknowledged that, though progress has been made in the beauty industry in terms of racial efforts, it doesnt mean the problem is solved. He said theres still a need for awareness and education to dismantle structural racism at the root of bias in the community. Would love your thoughts, please comment. Time Inc. announced Wednesday that Essence Ventures, LLC, an independent African-American owned company, acquired Essence Communications. In addition, Ebanks, along with a Black female-led executive team, will have an equity stake in the business. When we think about power dynamics and who has the power, if the allegations are true regardless of an investigation that took placewhere can these women go? [3] [4] Lewis and Smith called the publication a "lifestyle magazine directed at upscale African American women". 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. 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. Fine art articles for American Essence include American architecture and houses of beauty, traditional American artists and musicians that helped establish the culture as well as cinema and film stars that inspired the nation and the American people. Copyright 2022 Rolling Out. I am happy to be alive! In the Medium article, titled The Truth About Essence, anonymous staffers claimed that Dennis slept with his employees and harassed those who rejected his advances. An annual study found that the total number of magazine readers in the U.S. remained above 220 million in every year between 2016 and 2020, having previously hovered around the 210 and 215 million . 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. Thoughts have power; thoughts have energy. 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. With a circulation of over 1 million and some 8.5 million monthly readers, Essence is hardly nicheand it should have been appealing to major publishing corporations. You win and you learn. An op-ed, titled The Truth About Essence and written by Black Female Anonymous was published on Medium on Sunday that outlined allegations of a toxic workplace culture in which Black employees are systematically suppressed by pay inequity, sexual harassment, corporate bullying, intimidation, colorism and classism.. In 2017, it was sold to the conglomerate Unilever, but Dennis remains Sundials CEO and executive chairman. In 2000, the magazines founders, Clarence Smith and Ed Lewis, sold a 49 percent stake in Essence to Time Inc. Gerren Keith Gaynor March 13, 2013 918. According to a statement released by the magazines owner, Essence Ventures, Essence will keep its current executive team, which consists entirely of black women, including Michelle Ebanks, the magazines president. Dennis sold his cosmetics company Sundial Brands to Unilever for an estimated $1.6 billion in 2017. We can now invest in women of color as consumers., With Sale, Essence Is Once Again a Fully Black-Owned Magazine, https://www.nytimes.com/2018/01/03/us/essence-sale-black-owned.html. I read her letter from the editor and it became my favorite part of the magazine. They dont take into account victims unless its close to home or it happens to them personally.. This article was originally published in American Essence magazine. In addition, it represents a critical recognition, centering and elevation of the Black women running the business from solely a leadership position to a co-ownership position.. Anyone can read what you share. Taylor served as Editor-in-Chief of Essence from 1981-2000, but worked for the magazine since its conception in 1970. The company bought the remaining 51 percent in 2005. The Essence motto is Black women come first, and Mr. Dennis said he intended to live up to it. As part of the growth plan, we will launch and/or acquire new content verticals and new brands in order to super serve our community of women,says company president Michelle Ebanks, who is leading Essences all-female executive team. iSoloArtist. It tells the stories of real Americans who take individual initiative to make their lives and the lives of others better. 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. Braids by my homegirl Aziza Yasmine. Essence Communications will be led by an all-black female executive team. Continuing in our tradition, we're introducing you to the masterminds behind some of the most popular. Edward Lewis, Clarence O. Smith, Cecil Hollingsworth and Jonathan Blount founded Essence Communications Inc. (ECI) in 1968. The owner of Black business empire Essence Ventures, who vowed to step away as the acting CEO of Essence magazine after being an awful boss during last year's racial reckoning, is. Instead, Essence is now in the hands of Dennis, a media newcomer who made his fortune in shea-butter cosmetics. On Thursday (Jan. 4), Essencethe nation's leading African American-focused publicationwas sold by Time Inc. to a . We also use third-party cookies that help us analyze and understand how you use this website. Essence Ventures is an African-American owned company focused on merging content, community, and commerce founded by Richelieu Dennis, the CEO and founder of Sundial Brands. As a woman who writes, and aspires to publish a book, I really admire Susan, and I think that she is one of the most influential women in journalism. The first time I picked up an issue of Essence magazine, I noticed Susan Taylors picture. I could live life on the beach, but it was very cold near Lake Erie. We dont want @Essence to fold, the group said. Boxing legend George Foreman and actor Khris Davis share inspiration for Big George Foreman film, Deborah Janes Strange Fruit film revisits the past to fix the future in racial reconciliation, Black home buyers considering buying a home 5 ways to purchase a house without a down payment, Rolling out kicks off 2023 Sisters with Superpowers 10-city tour and awards dinner in Atlanta, May 4; tickets available, Breaking the Chains provides job training and opportunities to the youth, Shara McHayle shares how hip-hop inspired her business, Hoop 88 Dreams. The website for Bright is The Epoch Times (see below). Long a touchstone of Black culture, Essence celebrated its 50th anniversary with its May issue, which featured the model Naomi Campbell on the cover. The move returns 48-year-old Essence to black ownership for the first time in over a decade, and solidifies the magazines status as the most important minority-owned publication in America. According to Black Enterprise magazine, Essence president Michelle Ebanks will continue in her role and join its board of directors. No one cares about Black women, she continued. It also holds an annual music festival, which was headlined last year by Diana Ross, Mary J. Blige and Chance the Rapper. 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. Today, however, Time Inc. is set to be owned by Midwest magazine publisher Meredith Corporation, which bought the conglomerate late last year in a $2.8 billion take-over, partially funded by the conservative-focused Koch brothers. 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 allegations didnt even go very far. Citing an abusive work culture, the essays writers also said that Black women at the company are systematically suppressed by pay inequity, sexual harassment, corporate bullying, intimidation, colorism and classism.. This cookie is set by GDPR Cookie Consent plugin. Colorful earrings by @wheatgrass_scorpio. This denim skirt is from the thrift store for $3. This major move marks. Reporters, poking around, have unearthed intriguing connections: a documentary co-produced with Steve Bannon; a donor who worked at the secretive hedge fund run by the Breitbart benefactor Robert. When you have someone that dominates space that already provides windows and opportunities for women of colorand Black women in particularif Black women speak up, what other spaces are there for them? But this month, he was back. 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. (Time Inc.s golf magazines and entire UK division are also on the market.) The future of Essence was uncertain when it was announced Meredith Corporation was buying Time Inc. in November. That reality was reflected by Johnson Publishing Companys sale two years ago of Ebony and Jet to a private equity firm in Texas, creating a void in black-owned media companies. These cookies track visitors across websites and collect information to provide customized ads. We are excited to be able to return this culturally relevant and historically significant platform to ownership by the people and the consumers whom it serves and offer new opportunities for the women leading the business to also be partners in the business, Dennis said in a statement. 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. I like the tapered sweater. All rights Reserved. The company hired two law firms to conduct an investigation, which found that staff felt overworked and underappreciated but concluded that Dennis didnt engage in behavior that would have amounted to unlawful discrimination, harassment or retaliation. (The anonymous writers of the Medium article did not speak to investigators.). Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. As a classicist, he's at ease with the ancient world but often brings a historian's insightful perspective to current . Even with your apology, [victims] still have their trauma and the after-effects.
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