The historic publishing mecca, Johnson Publishing, of black magazine giants Ebony and Jet is moving it’s empire. The new spot hasn’t been chosen just yet, but the question is why they’re not using the building as a museum of their work. It seems like it oculd be a great move on behalf of Linda Johnson Rice, the daughter of John and Eunice Johnson that is now Chairman.
The Johnson company didn’t disclose the purchase price, but surely they asked for a great deal. John Johnson purchased the property in 1972 and has been there ever since because they had time to helk . Let’s hope that they’re not running out of cash. Read the full report here.