5:11 pm. Starting with the magazine in 1970, it has expanded. Sundial Brands announced in November a partnership with Unilever to acquire Sundial. Because I hope they dont stray from the culture of Essence. We are hiring for both print as well as online articles. Follow NBCBLK on Facebook, Twitter and Instagram. But if I were to see how that goes and hear about the event moving in the right direction and it being the fun and inviting event its supposed to be, Id certainly attend in the future., Nottingham, however, questioned whether Essence could really change BeautyCon or if it was another case of diversity initiatives being whitewashed.. 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. The essay is part of an online campaign that includes Twitter and Instagram accounts and a change.org petition, which has collected more than 2,000 signatures. I am a believer that when we own our media companies they represent an authentic voice, Ms. Spann-Cooper said. But this month, he was back. Im not in the business of selling my soul for a couple of dollars or for popularity, DelSol said. 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. We may earn a commission from links on this page. Analytical cookies are used to understand how visitors interact with the website. We wish the ESSENCE team the best and will watch this celebrated brand continue to flourish in its next chapter," he stated. 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. 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. 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. 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 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. I think its cool that it has pockets. This major move marks Essences return to being a 100% black-owned company. All rights Reserved. The Essence team denied the allegations in a statement Monday, calling them mischaracterizations and unfounded attempts to discredit our brand and assassinate personal character.. Instead, he framed his latest venture as part of a mission to fight racism in the retail industry. 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. Essence magazine sold (Image Source: Facebook/@Essence) Since 1970 Essence has been the premiere fashion and culture magazine for women of color. Co-founded by Ed Lewis and Clarence Smith in 1968, Essence has been one of the lifestyle go-to companies for African-American women. Richelieu Dennis, the founder of Sundial Brands, said he bought the company to serve and empower women of color.. 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. and a graphic artist! In 2017, it was sold to the conglomerate Unilever, but Dennis remains Sundials CEO and executive chairman. It took me 16 years before I agreed to go into mass retail. ! She ended her statement with the hashtag #BlackWomenRiseTogether., Black Female Anonymous replied to Ms. Wanga on social media. 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. And you can make your world or break it by your own thinking. -Susan Taylor, When is Kwanzaa and my daily Kwanzaa practice, "I saw the Angel in the marble, and carved until I set him free", Prime my subconscious, one hint at a time. When it started off, we knew their demographic. Whether BeautyCon becomes a platform to help combat those inequities remains to be seen. The magazine focuses on fashion, pop culture, music and black life. 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. 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. 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). iEmerge in a duo. Founded in 1970, Essence has now expanded, reaching a global audience of more than 16 million across its many platforms. 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. 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. Bennett Raglin / Getty Images For SheaMoisture, Lifestyles publisher Meredith buying Time Inc. in Koch brothers-backed deal. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. . 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. Ivie is a Nigerian-American, native New Yorker, and journalist covering, Essence Ventures LLC, an independent black-owned company today announced its acquisition of Essence Communications Inc., home of, magazine, from Time Inc. on Wednesday. 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. The brand was looking for another buyer and has apparently found one with Essence Ventures, which was founded and is chaired by Liberian-American Richelieu Dennis, who also is founder of SheaMoisture (in November, Unilever acquired the parent company for SheaMoisture, Sundial Brands). Essence magazine is a monthly publication whose target audience is African American women. The essay also had criticism for two other Essence leaders, the chief operating officer, Joy Collins Profet, and the chief content officer, MoAna Luu. We know that we work for you and nothing makes us happier. A target of Black Female Anonymous is Richelieu Dennis, the owner of Essence Ventures, the parent company of the magazine and Essence Communications. READ: Chance The Rapper Joins Essence Fest As Headlining Act. Ms. Luu, the head of content, will step back from day-to-day operations during the course of the review, the statement said. 40 Founders Of Black-Owned Hair Care Brands You Should Know About | Essence At the helm of these beloved brands are Black business owners who've made it their mission from the beginning to. Since 1970 Essencehas been the premiere fashion and culture magazine for women of color. A target of Black Female Anonymous is Richelieu Dennis, the owner of Essence Ventures, the parent company of the magazine and Essence Communications. Essence Communications will be led by an all-black female executive team. (The festival was canceled this year and replaced with a digital event because of the coronavirus pandemic.). It's nearly a 200-mile commute home for historian Victor Davis Hanson from the Hoover Institution at Stanford University, where he travels once a week, to his quiet family farm in the fertile Central Valley of California. 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. Ebanks will also have equity stake in the business along with the executive team of ESSENCE. 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. Magazine articles are $250 per article. 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.. Everybody aint lying, she said. Articles in classical art, music, craft and architecture aims to showcase the timeless beauty of master artists and craftsman throughout antiquity. With the sale of Essence magazine to a personal-care products mogul, the publication is once again fully black-owned for the first time since 2000. 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. Ebanks insists this sacred wall will still be honoredand that Essence is not directly owned by Sundial, but rather a separate Dennis-helmed entity. Radiant Life Magazine is a nonpolitical magazine that aspires to revive traditional culture with lifestyle content that uplifts and inspires readers. For the first time in nearly two decades, Essence magazine is once again a fully black-owned publication. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". 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. We accept that because what else is the ultimate goal in this country?. We also use third-party cookies that help us analyze and understand how you use this website. In 2000, the magazines founders, Clarence Smith and Ed Lewis, sold a 49 percent stake in Essence to Time Inc. You may negotiate rate based off experience and expertise. 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. This was an important week for minority media. Ms. Wanga joined the company as its chief growth officer on Monday. 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. Essence Ventures LLC, an independent black-owned company today announced its acquisition of Essence Communications Inc., home of Essence magazine, from . 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. In the essay, Black Female Anonymous tied their efforts to the larger social protest movement that has swept the country. Instead, Essence is now in the hands of Dennis, a media newcomer who made his fortune in shea-butter cosmetics. 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. 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. Essence Communications Inc. (ECI) was founded in 1968 by Clarence O. Smith, Cecil Hollingsworth, Jonathan Blount, Denise M. Clark, and Edward Lewis. The American Hotel & Lodging Association recommends $1 to $5 a night left daily, preferably in a marked envelope making it clear that it is intended for the housekeeper. American Essence magazine is a breath of fresh air in troubled times! Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. This will give Essence a platform and a voice to serve its consumers, which are women of color, Dennis told the New York Times earlier this week. The magazine has a circulation of more than one million and its website attracts nearly seven million unique visitors each month. The monthly lifestyle magazine covers fashion, beauty, entertainment and culture. It also holds an annual music festival, which was headlined last year by Diana Ross, Mary J. Blige and Chance the Rapper. Top editors from Refinery29, the New York Times, Bon Apptit and the Philadelphia Inquirer resigned last month in response to journalists calling out their own organizations and now Essence can be added to the list of companies making changes. 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. They dont take into account victims unless its close to home or it happens to them personally.. I hope this means there is an opportunity for us to stay in business, she said. I could live life on the beach, but it was very cold near Lake Erie. 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..
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