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• Google to Buy Motorola Mobility for $12.5 Billion

In a bid to strengthen its mobile business, Google announced on Monday that it would acquire Motorola Mobility Holdings, the cell phone business that was split from Motorola, for $40 a share in cash, or $12.5 billion.

Read more at the New York Times…

• Detroit to Put 90% of Funding Into Classrooms

Detroit Public Schools aims to put 90 percent of its funding into student education, DPS Emergency Manager Roy Roberts told MSNBC Sunday.

“We’re going to make sure it’s aimed at the principal, the teacher and that student,” Roberts said. “Not spent in the administration and other places.”

Read more at HuffPost Black Voices…

• Obama Approval Rating Slips Below 40%

President Obama’s summer woes have dragged his approval rating to an all-time low, sinking below 40% for the first time in Gallup’s daily tracking poll.

New data posted Sunday shows that 39% of Americans approve of Obama’s job performance, while 54% disapprove. Both are the worst numbers of his presidency.

Read more at the Los Angeles Times…

• Ebony and Jet See Circulation Surge

The scales are finally starting to tip the other way for Desiree Rogers and Johnson Publishing. After a bumpy transition and some crafty maneuvering, though, it’s now being reported that Ebony and Jet are seeing a rise in their circulations. This news comes after the announcement that both publications’ circulation has been outsourced to New York firm Shain & Oringer.

Read more at NBC Chicago…

• North Carolina Eugenics Board Victims Fight for Justice

Elaine Riddick‘s small frame heaves, her rapid, shallow breaths whistling in her throat as she forces the words out between her sobs.

“So what am I worth?” she asks the five people seated at the long table before her. “The kids that I did not have, COULD not have. What are THEY worth?”

“Priceless,” Tony Riddick whispers as he gently rubs his mother’s back.

Elaine Riddick has been asking these same questions, in one forum or another, for the past 40 years. This most recent appearance in late June was before the Governor’s Task Force to Determine the Method of Compensation for Victims of North Carolina’s Eugenics Board.

Read more at HuffPost Black Voices…

The investigation on Rep. Maxine Waters continues, but with additional assistance (Image: File)

• House Seeks Help on Maxine Waters Investigation

The House Ethics Committee may have been trying to investigate Democratic Rep. Maxine Waters, but now it seems they will be requiring additional investigations.

As pressure rises from allegations of probe irregularities, the Committee is forced to hire an additional attorney.  The Washington Post reports that Billy Martin, a prominent DC attorney, will be brought in as outside counsel as the investigation continues.

This news came shortly after the watchdog groups Citizens for Responsibility and Ethics in Washington voiced their concerns with the committee’s conduct to House Speaker John A. Boehner and Minority Leader Nancy Pelosi. The watchdog groups expressed their desire to see the case be handed over to an independent counsel on Monday.

Read more at The Atlanta Post…

• Ebony Founder Gets Postal Stamp

John H. Johnson, the late entrepreneur and pioneering publisher of Ebony, Jet and other magazines, will be featured in the U.S. Postal Service’s Black Heritage stamp series in 2012.

Read more at The Root…

• Al Sharpton: MSNBC’s Next Host?

Al Sharpton could be made MSNBC’s next host, TVNewser reports.

If true, this news is certain to raise eyebrows. Sharpton is, to say the least, a polarizing figure. Even so, he has not noticeably strayed from the standard MSNBC playbook during his guest-hosting stints.

Read more at the Huffington Post…

The late John H. Johnson built his publishing and cosmetics empire into an international powerhouse, distributing name brands such as Ebony, Jet, and Fashion Fair. For 60 years, he touched the lives of millions of African Americans in every facet of life, sharing with the world their talents and potential, exposing injustice and racism, and shattering social and commercial barriers.

In celebration of our 40th anniversary, Black Enterprise is taking a look both forward and backward at the world of black business. Our list of 40 “Titans: The Most Powerful African Americans in Business–and How They Shaped Our World” recognizes and pays homage to the entrepreneurs and business men and women who paved the way for all of us. Follow our countdown of the most important black business leaders of the four decades since Black Enterprise Magazine was founded in August 1970.

These are the men and women who fought the odds, suffered setbacks, regrouped, and eventually emerged victorious. Whether they conducted business from their own offices or the executive suite, their professional excellence, deal-making prowess, and unwavering advocacy converted promise into channels of prosperity and levers of power. These are the pioneers who withstood the elements—institutional racism, resistance from the business establishment, and lack of resources—to plant a flag on their own patch of territory.

These are the Titans: bold leaders who shattered conventional modes of commerce. Because of their contributions over the past 40 years, the world of business has been transformed forever.

Be sure to pick up the commemorative 40th anniversary August 2010 issue of Black Enterprise, which contains the entire Titans list.

Rice resigns as CEO but retains Chairman position

Linda Johnson Rice has stepped down as CEO of Johnson Publishing Co. (No. 22 on the BE Industrial Service Companies list with $200 million in revenues), publisher of Ebony and Jet magazines. She will remain chairman of the company, a post she’s held since 2008. Desiree Rogers, who was most recently White House Social Secretary has been chosen to serve as CEO in her stead.

Rice is the daughter of the late John Johnson who founded Ebony magazine in 1945. Joining the company in 1980, she served in a variety of roles. She took over company operations as president and COO in 1987 and was appointed CEO in 2002, assuming the title of chairman a few years later.

Rogers' appointment as consultant takes on a new definition

Rogers joined the Chicago-based publishing company this past June. She was hired as a consultant to assist with corporate strategy. Rogers achieved a level of infamy in December of last year when she took the fall for a couple trespassing at a state dinner hosted by the White House. She stepped down from her White House position in March.

Ebony and Jet are persevering during the recession; both publications underwent editorial and visual redesigns—Ebony in 2004 and Jet this year. But that doesn’t mean Johnson Publishing Co. has been without transition.

• The company lost its cofounder, Eunice Johnson, in January of this year, which prompted Ebony Fashion Fair, which she founded, to go on hiatus. There has been no word about when the company might resume its shows.
• In February, Magic Johnson Enterprises tried unsuccessfully to negotiate a deal to buy Johnson Publishing Co.
• Last month, author and magazine exec Amy DuBois Barnett was appointed Ebony’s editor-in-chief, replacing author and lifestyle coach, Harriette Cole, who stepped down from Ebony as creative director and acting editor-in-chief after more than three years in that position.
• Also in July, Anne Sempowski Ward, who had served as president and COO at Ebony since 2008 resigned her position after giving birth in May.

Earvin "Magic" Johnson

Earvin “Magic” Johnson said Monday that talks to do business with Johnson Publishing Co., the publisher of Ebony and Jet magazines, are now dead.

“Recently, an affiliate of Magic Johnson Enterprises and Johnson Publishing Co. were in advanced discussions to do business together, but unfortunately we were unable to reach a definitive agreement,” the former Los Angeles Laker said in a statement.

The statement confirms rumors from last week that Johnson’s Magic Johnson Enterprises had an interest in investing in and possibly buying Johnson Publishing (No. 15 on the BE 100s Industrial Service list with $328 million in revenues).

Magic Johnson, who is not related to the Johnson publishing family,  has formed several strategic partnerships with companies such as Sodexo, Starbucks Corp., AMC Entertainment Inc., and Aetna. Johnson has also ventured into the financial services sector, and through the Canyon-Johnson Urban Fund committed nearly $1 billion in capital on the revitalization of ethnically diverse communities. He also licenses his name and likeness to companies such as Jackson Hewitt and furniture rental company Rent-a-Center, an endeavor that critics say discredits his goals to uplift the black community.
Ebony and Jet Magazines introduced the country to Black American life, fashion, and celebrities when John H. Johnson founded the magazine in 1942 on a loan from his mother’s furniture. The company is now run by Linda Johnson Rice, the founders’ daughter.

“I would like to salute Linda Johnson Rice and the Johnson family for pioneering the iconic brand of the Johnson Publishing Co., which we have all come to love and respect,” said Magic Johnson. “Ebony and Jet have been permanent fixtures on coffee tables in African-American homes for many years.”

Johnson said he will continue to look for opportunities to invest in African American media.

Earvin "Magic" Johnson

Earvin “Magic” Johnson, retired NBA star and businessman, has entered into talks to purchase Johnson Publishing Co. and possibly take the reigns of Ebony and Jet magazines.

If Johnson, who is not related to the Johnson publishing family, were to purchase the 68-year-old Johnson Publishing (No. 15 on the BE 100s Industrial Service list with $328 million in revenues), the transaction would infuse new blood into the company, says Samir Husni, director of the Magazine Innovation Center at the University of Mississippi at Oxford. “The business model that they started, like the rest of the magazines in this country, is no longer working, says Husni.

Sale rumors have been in the air since February 2009 when the company underwent a reorganization.

“There’s no definitive agreement,” said Eric Holoman, president of Los Angeles-based Magic Johnson Enterprises, in an interview with Bloomberg. Linda Johnson Rice, daughter of acclaimed publisher and JPC founder John H. Johnson, declined to comment. Magic Johnson did not immediately respond to requests for an interview.

Magic Johnson, the former Los Angeles Laker, has formed several strategic partnerships with companies such as Sodexo, Starbucks Corp., AMC Entertainment Inc., and Aetna. Johnson has also ventured into the financial services sector, and through the Canyon-Johnson Urban Fund committed nearly $1 billion in capital on the revitalization of ethnically diverse communities. He also licenses his name and likeness to companies such as Jackson Hewitt and furniture rental company Rent-a-Center, an endeavor that critics say discredits his goals to uplift the black community.

Like many other publishers, Johnson Publishing has faltered under the weight of the current economic crisis. Ad revenue at Ebony declined 38% to $35.5 million last year, according to Publishers Information Bureau. In an effort to boost revenue at Jet, Rice announced this month that Jet, a weekly, will be redesigned to include a new layout and content.

“As a world-class media company, we will solidify Jet’s position as an innovator and leader in the African-American marketplace,” said Rice, in the announcement. Rice became chairman and CEO in 2005 when John H. Johnson passed away.

Ebony and Jet Magazines introduced the country to Black American life, fashion, and celebrities when John H. Johnson founded the magazine in 1942 on a loan from his mother’s furniture.

Husni credits Jet magazine with sparking the national civil rights movement when it published the photos of the brutally mutilated body of Emmett Till in his casket in 1955. Till’s murder was racially motivated and the photos not only shed light on lynching in America’s southern states, but supercharged the magazine’s success.

“Reshaping our organizational design will help ensure that we continue to evolve with the ever-changing media landscape,” said Linda Johnson Rice, chairman & CEO, in a statement.

The changes are being put into place to continue the 67-year-old company’s “long-term success and ensure [its] future as the entire publishing industry navigates the tumultuous economic climate,” explained Staci R. Collins Jackson, a spokesperson at Johnson.

Jackson says that Johnson has not “laid off” any employees, and that Bryan Monroe is still employed with Johnson as vice president and editorial director for Ebony and Jet magazines, contrary to reports by other news outlets that his position had been eliminated.

Monroe was recruited by Rice in August of 2007 to provide a creative edge to the two magazines, help update the Website, and increase circulation by targeting a younger audience. Since he started, Ebony has launched a redesigned Website with a more contemporary interface. Prior to Johnson, Monroe worked as an assistant vice president of news at Knight Ridder before it was sold to McClatchy Co.

Circulation at Ebony, a monthly general interest magazine, increased by 3.5%, and circulation at Jet, a weekly news magazine covering entertainment, news and lifestyle stories of interest to African Americans, rose 2.2% through the first half of 2008. Their numbers were slightly better than the industry as a whole, which was flat for the same period, according to Neal Lulofs, senior vice president of communications at the Audit Bureau of Circulations.

On the other hand, year-on-year, ad revenue at Ebony fell by 18.8% and by 40.9% at Jet for the fourth quarter of 2008. Among media targeting ethnic populations, Johnson Publishing, the largest black-owned publishing company, is not alone in trying to survive the economic washout. Revenue decreased at Vibe magazine, an urban music publication, by 15.2%, and by 22.2% at Essence, a fashion, beauty, and lifestyle magazine targeting black women.

“The magazine business has been hit pretty hard by this very severe drop-off in ad revenue and difficulty at newsstands in the past year,” says Lucia Moses, a senior editor covering print media at Mediaweek. “Optimists say that year-to-year declines will start to ease in the second half of this year, but let’s face it, nobody really knows. It could get worse before it gets better.”

Indeed, general market publications are slashing jobs by the hundreds. Condé Nast, publisher of Vanity Fair, The New Yorker, and Vogue, has cut 5% of its work force and has shuttered Domino, a three-year-old home magazine, Time Inc. has let go more than 600 people, and Reader’s Digest purged 8% of its work force.

“If you look at the overall industry and what is being done to maintain jobs and maintain the bottom line, what is happening at Ebony and Jet is not unusual,” says Barbara Ciara, president of the National Association of Black Journalists. “We are seeing downsizings, pay freezes, and hiring freezes throughout the industry. We can’t hold up Ebony as the sacred cow that does not have some of the same issues regarding the economy as any other media entity.”

One account from Richard Prince’s Maynard Institute blog Journal-isms reports that Lynn A. Norment, Walter Leavy, and Malcolm West, three of the four managing editors at Ebony and Jet, are accepting buyout offers. Jackson would not confirm or deny that these individuals accepted buyouts, but affirmed that out of the 340 full-time employees, some did opt to participate in a voluntary early retirement package that the company offered in 2008 as one of the early initiatives of the multi-phase reorganization.

Ciara cautions all publishing companies to be strategic about whom they let go. “When you look at those salaries, [editors at the top] are an easy kill if you are looking to eliminate the most money from your budget,” Ciara says. “You have to ask yourself the value that those people bring to the development of your product and whether it is worth it to sacrifice them for plain economic reasons knowing that you still have a publication to put out. I hope that with whatever restructuring is happening that the content will remain a priority.”

“Reshaping our organizational design will help ensure that we continue to evolve with the ever-changing media landscape,” said Linda Johnson Rice, Chairman & CEO at the Chicago-based company.

The company would not give specific details about the reorganization, including what positions will be eliminated and employees who will be leaving the company.

The changes are being put into place to continue the 67-year-old company’s “long-term success and ensure [its] future as the entire publishing industry navigates the tumultuous economic climate.”

Year-on-year, ad revenue at Ebony fell by 18.8% and by 40.9% at JET for the fourth quarter of 2008. Among ethnic media, Johnson Publishing is not alone in the washout. The men’s hip-hop magazine XXL let go its editor-in-chief, Elliot Wilson. Revenue decreased at Vibe Magazine by 15.2%, by 22.2% at Essence Magazine.

Circulation at Ebony, a monthly general interest magazine, increased by 3.5%, and circulation at Jet, a weekly news magazine that covers entertainment, news, and lifestyle stories of interest to African Americans, rose 2.2% through the first half of 2008.  Their numbers were slightly better than the industry as a whole, which was flat for the same period, according to Neal Lulofs, senior vice president of communications at the Audit Bureau of Circulations.

Separately, Jackson says that Bryan Monroe is still employed with Johnson as vice president and editorial director for Ebony and Jet magazines, contrary to reports by other news outlets that his position had been eliminated.