Update: Ebony, Jet Orders Reorganization to Avoid Layoffs
Even before the stock markets began to crash in September, revenue from advertising, circulation, and subscription sales had started to grow scarce in the magazine publishing industry. While many print publications are falling along the wayside, Chicago-based Johnson Publishing Co. decided last week to undergo a reorganization, which will require all current employees, including those working for Ebony and Jet magazines to reapply for their jobs.
