NBAPosted byThe Skanner News
The legendary EBONY magazine is being revived. Former NBA star Junior Bridgeman reportedly has anted-up $14 million for the famed Black media publication. The magazine, which was founded by John H. Johnson in 1945, was forced into bankruptcy earlier this year after an attempt to revive EBONY failed. EBONY sold its photo archive for $30 million last year, and Willard Jackson briefly took over as CEO but left the company soon after.