One of America’s national treasures, Ebony magazine, is looking at making some very hard decisions in the wake of this recession.
The magazine we have looked to for our fashion, our make-up, our identification in the world when no one else showed us in our splendor and class was Ebony.
The magazine was a trailblazer with images of the African American family when the country did not embrace the culture of the African American community at all.
The embattled magazine is not the only one to run across tough times. We’ve already seen the demise of Vibe and others have experienced layoffs and cutbacks. Newsweek reported that, “Ebony’s decline was sharper, as advertising dived almost 35 percent, dragging revenues down almost 32 percent, to $18.8 million from 2008’s $27.7 million.
And the deterioration of Jet magazine, Ebony’s sister publication, was even more severe—about 40 percent in ad pages and revenues.”
So not only is Ebony looking at trouble, but Jet is right behind it. Check out the full report here while we encourage everyone to subscribe to the magazine today!