Is this just national consolidation business news or part of the Chicagoland Black exodus?
http://chicago.suntimes.com/news/rep...o-los-angeles/
Reports: Ebony magazine sheds staff, moving HQ to Los Angeles
Business 05/06/2017, 06:52pm
Ebony magazine is laying off staff and merging its main operations in Los Angeles, though it will maintain a Chicago office.
Chicago-based Ebony Magazine is losing about a third of its editorial staff and moving its primary editorial operations to Los Angeles, according to media reports.
The magazine will join longtime sister publication Jet under that magazine’s L.A.-based editor, Tracey Ferguson, the Chicago Tribune is reporting.
The longtime parent company of both magazines, Chicago’s Johnson Publishing Co., sold the titles last year to a Clear View Group, a Texas-based private equity firm. Ebony and Jet have chronicled African-American life for the past 71 years.
Ebony Media, as the parent company now is known, will keep an office in Chicago. Linda Johnson Rice, Ebony Media CEO, will stay in that job, and will remain based in the downsized Chicago office, according to the Tribune.
Crain’s Chicago Business reported that the magazines dismissed “nearly all their local employees.”
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