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. 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. 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. The whole idea when [BeautyCon] was founded was to be an inclusive place for all women to express their individual beauty, Dennis said. In 2018, he bought the Essence brand, vowing to scale Black-owned brands and bring much-needed diversity to the beauty and lifestyle world. 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. But this month, he was back. Receive updates about new stories in the industry daily or weekly. 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. The group has given Ms. Wanga, the interim leader, until the close of business on Friday to comply. 'Essence' Just Took the Lead in Serving Women of Color. Here's Why It Analytical cookies are used to understand how visitors interact with the website. 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.. Articles to be published in our magazines will be roughly 900-2,000 wordcount and articles that are published to our online website can be 500 to 1,000 wordcount. (The festival was canceled this year and replaced with a digital event because of the coronavirus pandemic.). I dont know, but I dont have high hopes of BeautyCon being a more Black space.. Despite the allegations made against him, Dennis has broken some racial barriers within the beauty industry. Sources familiar with Essence told Page Six that it is likely that current and former employees wrote the anonymous op-ed. Would love your thoughts, please comment. Clearly, Ebanks team hopes that Essence wont just evolve, but thrive and survive for the next 48 years. Founder of SheaMoisture, Richelieu Dennis, Acquires Essence - The Root The magazine focuses on fashion, pop culture, music and black life. The website for Bright is The Epoch Times (see below). U.S. Magazine Industry - Statistics & Facts | Statista 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.. These cookies track visitors across websites and collect information to provide customized ads. Ebanks issued a statement which reads in part, 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, 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.. 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. After the former CEO Michelle Ebanks stepped down in March, the company announced that Dennis would have direct oversight of the company while it searched for a new CEO. Im not surprised people are not talking, DelSol said. But while Meredith hopes to cut costs, Essences new owners are planning to investheavily. Mr. Dennis sold Sundial Brands to Unilever that month. You may negotiate rate based off experience and expertise. And while BeautyCon devotees have described the event as an inclusive community that allows beauty and lifestyle enthusiasts to network, meet their favorite influencers and get discounted makeup, Black influencers have not always felt welcome. Long a touchstone of Black culture, Essence celebrated its 50th anniversary with its May issue, which featured the model Naomi Campbell on the cover. I see you, with my black panther intuition, They say, you made your bed, now lay in it! So, I make sure I dwell in a spiritual, spirit-filled bed. 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. American Essence | The Epoch Times It began publishing Essence magazine in May 1970. And the mid-sized Penske Mediaowner of Variety and Robb Reportjust snapped up Rolling Stone. Adenike Olanrewaju contributed reporting. Essence's New Owner Sees More Than a Magazine | BoF - The Business of Fix it or fold.. ESSENCE Co-founder Ed Lewis, former editors-in-chief Marcia Ann Gillespie and Susan L. Taylor speak on the evolution of the magazine and brand. The new company, to be. American Essence magazine - The Epoch Times Essence magazine sold (Image Source: Facebook/@Essence) Since 1970 Essence has been the premiere fashion and culture magazine for women of color. A person who identified herself as a representative of the essays writers, contacted through the Black Female Anonymous Instagram account, declined to be interviewed for this article. For the first time in nearly two decades, Essence magazine is once again a fully black-owned publication. The future of Essence was uncertain when it was announced Meredith Corporation was buying Time Inc. in November. 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. 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. The ESSENCE team has extended the brands reach and influence across multiple platforms, solidifying its position as the premier destination for African-American women serving an audience of 16.3 million, said Time Inc. President Rich Battista in a memo to staff obtained by NBC News. 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.. In 2000, the magazines founders, Clarence Smith and Ed Lewis, sold a 49 percent stake in Essence to Time Inc. Time Inc. announced Wednesday, that Essence Ventures LLC, an independent African-American owned company, acquired the media company. I remember in December 2012, in a meeting to set the definition of solutions journalism, Tina insisted we use the word "rigorous" so as to differentiate it from fluffier stories about firefighters saving cats from trees. No one cares about Black women, she continued. We wish you could have been in the room to see the excitement and pride on the Essence Teams' faces as we gave them the good news, according to a statement on the Essence website . American Essence brings you the best of America, past and present, to help you create a better future for yourself and the country. The event had always centered white women and white entrepreneurs, DelSol said, and therefore never appealed to her. As a subscriber, you have 10 gift articles to give each month. Similar uprisings have taken place at The New York Times, The Philadelphia Inquirer, The Wall Street Journal, The Washington Post, The Pittsburgh Post-Gazette and the womens lifestyle website Refinery29. Were never lacking content; were never lacking a story; were lacking an opportunity to compete, she added. Essence Ventures started in 2017 and is chaired by founder, entrepreneur, investor and philanthropist, In addition, the all black female executive team of, Jalen Hurts Reaches $255 Million Deal With Help of All-Women Management Team, Drake Opens for Lil Wayne During Welcome to tha Carter Toronto Tour Stop, Chance The Rapper Talks Conversation With Dave Chappelle At Black Star Line Festival, Chance The Rapper & Vince Mensas Ghana Festival to Include Erykah Badu, T-Pain & More, Carolyn Bryant Donham, Woman At the Center of Emmett Till Saga, Has Died, Dwyane Wade Moved His Family From Florida Due to Anti-LGBTQ Policies, Controversial Talk Show Host Jerry Springer Has Died, Red Table Talk Canceled as Meta Ends Facebook Watch Originals. It tells the stories of real Americans who take individual initiative to make their lives and the lives of others better. 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. But we must fix the systemic brokenness of any Black cultural institution that devalues Black women. 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.. In its tipping guide . As a subscriber, you have 10 gift articles to give each month. In a statement on Thursday, Latraviette Smith-Wilson, an Essence spokeswoman, described the essays accusations and demands as unsupported and outdated., The statement also addressed Ms. Ebanks, saying she has had no role in day-to-day operations since her departure, and said that Ms. Collins Profet had already accepted a new role with another company before the anonymous blog was posted.. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. 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. An anonymous essay published on Sunday criticized Essence, the groundbreaking Black media brand, citing an abusive work culture in which bullying and sexual harassment were common. Other businesses and contractors who worked the event were reported to have filed complaints with the Better Business Bureau or sought assistance from collections agencies. The demand for a new America calls for the complete accountability of all Americans, even those of us in Black America and our cultural institutions, the writers said. According to Page Six reporting, the employees are giving Essence executives an ultimatum: respond in five business days or they will release personal testimonials of pay inequity, workplace bullying, lay-offs while on maternity leave and immediately after giving birth and sexual harassment. Using the Black Female Anonymous nom de plume again, they launched a change.org petition to get signatures for their resignation. American Essence magazine is a breath of fresh air in troubled times! 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. 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. BRIGHT Magazine Launches Today. Editor-in-Chief Sarika Bansal on the This was an important week for minority media. Ms. Wanga joined the company as its chief growth officer on Monday. Essence is Black A.F., Nottingham said, which is beautiful, but how are they going to [integrate that with BeautyCon]? All rights Reserved. In the same . You may opt-out by. Essence Ventures was founded in 2017 by Richelieu Dennis, who also. Members of the team were excited about the announcement. 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. https://t.co/q2BGN0pxNF pic.twitter.com/CbLQlpK9Qz. I could live life on the beach, but it was very cold near Lake Erie. 1035, and the Maine Classic Car Museum has No. This cookie is set by GDPR Cookie Consent plugin. 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. Throughout the years, I have seen her with various writers, artists, activists, and its easy to see that she is loved. 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. 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. who owns essence magazine | Orbit Opinions expressed by Forbes Contributors are their own. Shanygne Maurice, creator of beauty product reviews on a YouTube channel called TooMuchMouth, said she had a rather unpleasant experience as a Black creator at the last BeautyCon but actually sees the Essence buyout as an opportunity to make the event more inviting and inclusive for Black influencers and enthusiastsgiven Essences history in the Black community., Im not sure if Id participate in the first one [under Essences ownership], she said. I thank the entire ESSENCE team for their tremendous passion and unrelenting commitment to driving the brands success. Bain Capital took a minority stake in Sundial in 2015. Copyright 2022 Rolling Out. However, she also doesnt think BeautyCon will suffer from the negative stain of Essence. Founded in 2011 by Marina Curry, a Black woman, BeautyCon was a hub of live events before it started to falter in 2019. 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. Its target audience is the African-American community, and its coverage includes the lifestyles and accomplishments of influential black people, fashion, beauty, and politics.. Ebony magazine was founded in 1945 by John H. Johnson, for his Johnson Publishing Company.He sought to address African-American issues . Instead, Essence is now in the hands of Dennis, a media newcomer who made his fortune in shea-butter cosmetics. Creating Effective Employee Resource Groups | HISPANIC Network Magazine Since 1970 Essencehas been the premiere fashion and culture magazine for women of color. Michelle Ebanks will continue to serve as president of ESSENCE Communications and will join its board of directors. Colorful earrings by @wheatgrass_scorpio. 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. 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. They faulted a previous Essence leader, Michelle Ebanks, blaming her for a toxic culture. Ms. Ebanks stepped down as the chief executive of Essence Communications in March, after nearly 20 years at the company, and is a member of the Essence board.
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