Time Inc. sold Essence Communications to a black owned independent venture, according to Variety dot com. ESSENCE VENTURES, LLC is the new owner of Essence. Ceo and Founder, Richelieu Dennis and Michele Ebanks will be dabbing together and running the company in 2018. Ebanks will also be joining the Board of Directors and a shareholder of equity stakes.
I’m definitely going to grab my subscription again. I’m interested in obtaining a position too. Let’s see what the future will bring 🙂