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I would have to see change, see an apology, in order to participate or contribute. Black News and Black Views with a Whole Lotta Attitude. Essence Ventures is founded and chaired by Richelieu Dennis, founder of Sundial Brands which owns Shea Moisture. The authors called for the resignation of Dennis and other executives, urged for an advertising boycott and painted a damning portrait of Dennis, including alleging that his surface-level commitment to Black women is driven by greed and a debaucherous sexual appetite, that he has sexually harassed multiple women and has used NDAs to protect his family against liability or disparagement. We knew they wanted to help Black people with Black hair care, especially with people who do their own hair. - Charles Middlemas Uplifting stories about exceptional Americans. They dont take into account victims unless its close to home or it happens to them personally.. Essence, a 48-year-old monthly lifestyle magazine, has a majority-black readership. I dont believe in losses, she wrote. By clicking submit, you agree to receive emails from Rolling Out and accept our web terms of use and privacy and cookie policy. We can now invest in women of color as consumers.. Essence Communications Inc., the 48-year-old mutliplatform brand that owns Essence magazine and the annual Essence Festival, has gone back to black (ownership), having been acquired by Essence . Despite being profitableand operating the massively successful music festival that anchored the summer-movie hitGirls Tripno major publisher thought that Essence was a worthy acquisition. Essence Ventures LLC, an independent black-owned company today announced its acquisition of Essence Communications Inc., home of Essence magazine, from . When you have someone that dominates space that already provides windows and opportunities for women of colorand Black women in particularif Black women speak up, what other spaces are there for them? Ebanks will also have equity stake in the business along with the executive team of ESSENCE. Its true that lifestyle giant CondNast is in the midst of a major austerity program, but its competitor Hearst recently acquired indie publisher Rodale, which owns titles like Mens Health and Prevention. American Essence April 24, 2022 Liberty Tree: A Look at Thomas Paine's Song Celebrating the Beauty of American Freedom In a chariot of light from the regions of day, The Goddess of Liberty. Please email all questions and submissions to jennifer.diane@epochtimes.nyc. The future of Essence was uncertain when it was announced Meredith Corporation was buying Time Inc. in November. Shanygne Maurice, creator of beauty product reviews on a YouTube channel called TooMuchMouth, said she had a rather unpleasant experience as a Black creator at the last BeautyCon but actually sees the Essence buyout as an opportunity to make the event more inviting and inclusive for Black influencers and enthusiastsgiven Essences history in the Black community., Im not sure if Id participate in the first one [under Essences ownership], she said. Melody Spann-Cooper, chairwoman of Midway Broadcasting Corporation, which owns WVON, a Chicago radio station whose target audience is black, welcomed Essences return to being an all-black-owned company. The website for Bright is The Epoch Times (see below). Fix it or fold.. Posted in Art, Ethinicity, Culture, Identity Tagged African American History Month, black history 365, black history month 2017, susan taylor essence, susan taylor history, susan taylor interviews, susan taylor time inc, who owns essence magazine Savor each page [of American Essence]. Colorful earrings by @wheatgrass_scorpio. filed for bankruptcy last year after being ravaged by the pandemic. It began publishing Essence magazine in May 1970. For an optimal experience visit our site on another browser. Mr. Dennis would not discuss the details of the sale. I dont even know if theres an apology substantial enough to fix it.. And you can make your world or break it by your own thinking. -Susan Taylor, When is Kwanzaa and my daily Kwanzaa practice, "I saw the Angel in the marble, and carved until I set him free", Prime my subconscious, one hint at a time. Writing a comprehensive business plan is the first step in starting a business. He vowed that Essence Ventures would bring heightened inclusivity to BeautyCon. A target of Black Female Anonymous is Richelieu Dennis, the owner of Essence Ventures, the parent company of the magazine and Essence Communications. We are excited to be able to return this culturally relevant and historically significant platform to ownership by the people and the consumers whom it serves and offer new opportunities for the women leading the business to also be partners in the business, Dennis said in a statement. Our objective is to make it into that by making it inviting, by diversifying subjects, by being inclusive in the brands, by being intentional in the commitments.. Forbes reports that he and his cofounder and mother Mary owned 51% of the company and walked away with an estimated $850 million fortune, making them two of the wealthiest Black entrepreneurs in the world. Bain Capital took a minority stake in Sundial in 2015. Gerren Keith Gaynor March 13, 2013 918. We have an opportunity to control our media and tell our own story and that is often muted when traditional media companies that represent the African-American culture are owned by someone outside of an African-Americans hands it loses something. The company bought the remaining 51 percent in 2005. That superseded the priority of Black hair care.. Ebony is a monthly magazine that focuses on news, culture, and entertainment. , who will keep her place at the helm of the company will also joining its board of directors. As a subscriber, you have 10 gift articles to give each month. Online content may range from $100-250 per article. Its branding was so popular that Time Inc., purchased the magazine and for the past 12 years, a publication dedicated to Black women was in White hands. I dont know, but I dont have high hopes of BeautyCon being a more Black space.. Clearly Dennis has committed his life (and substantial economic resources) to supporting minority women. As a subscriber, you have 10 gift articles to give each month. American Essence Magazine is also a nonpolitical magazine that aims to showcase the values and traditions of American culture with stores of the people and places, past and present, that helped and continue to help shape this nation. Thats commendable. Ms. Luu, the head of content, will step back from day-to-day operations during the course of the review, the statement said. In the summer of 2020, a Medium article was published with damning accusations against Essences owner Richelieu Dennis. The essay also had criticism for two other Essence leaders, the chief operating officer, Joy Collins Profet, and the chief content officer, MoAna Luu. In addition, the all black female executive team of Essence, including Ebanks, will have an equity stake in the business. They have allowed us to invest into the business so that we can bring in the infrastructure and resources.. The magazine focuses on fashion, pop culture, music and black life. The allegations didnt even go very far. His departure was part of a larger revolt at the magazines parent company, Cond Nast. This article was originally published in American Essence magazine. The executive team will also have an ownership interest in the business. (The festival was canceled this year and replaced with a digital event because of the coronavirus pandemic.). We dont want @Essence to fold, the group said. We are hiring for both print as well as online articles. In 2000, the magazines founders, Clarence Smith and Ed Lewis, sold a 49 percent stake in Essence to Time Inc. A person who identified herself as a representative of the essays writers, contacted through the Black Female Anonymous Instagram account, declined to be interviewed for this article. An annual study found that the total number of magazine readers in the U.S. remained above 220 million in every year between 2016 and 2020, having previously hovered around the 210 and 215 million . Articles in classical art, music, craft and architecture aims to showcase the timeless beauty of master artists and craftsman throughout antiquity. I could live life on the beach, but it was very cold near Lake Erie. As reported earlier by Journal-isms for The Root, the Essence brand was not part of the historic, nearly $3 billion sale of Time Inc. to the Meredith Corp. in November 2017. The monthly lifestyle magazine covers fashion, beauty, entertainment and culture. This major move marks. The essay, titled The Truth About Essence, was published on the digital platform Medium under the byline Black Female Anonymous, which has identified itself as a group of former and current Essence employees. [W]e are excited to be able to return this culturally relevant and historically significant platform to ownership by the people and the consumers whom it serves, and offer new opportunities for the women leading the business to also be partners in the business, said Dennis of the Essence brand acquisition. Melody Spann-Cooper, chairwoman of Midway Broadcasting Corporation, which owns WVON, a Chicago radio station whose target audience is black, welcomed Essence's return to being an. American Essence brings you the best of America, past and present, to help you create a better future for yourself and the country. The anonymous essay was published at a time when many other media companies have wrestled with race and discrimination against Black employees and other workers of color. Thank you for being in our corner over the last 47 years. This website uses cookies to improve your experience while you navigate through the website. But Black capitalism looks like misogyny, sexism, and sexual assault. Were counting on you, Caroline. These cookies will be stored in your browser only with your consent. The magazine has a circulation of more than one million and its website attracts nearly seven million unique visitors each month. Its not to say that they shouldnt be able to cater to all types of hair and all types of people, but theres always this desire to cater to whiteness and white features. The spokeswoman added that Ms. Wanga would oversee the independent review of the Essence workplace. In the essay, Black Female Anonymous tied their efforts to the larger social protest movement that has swept the country. Im not surprised people are not talking, DelSol said. In a statement on Thursday, Latraviette Smith-Wilson, an Essence spokeswoman, described the essays accusations and demands as unsupported and outdated., The statement also addressed Ms. Ebanks, saying she has had no role in day-to-day operations since her departure, and said that Ms. Collins Profet had already accepted a new role with another company before the anonymous blog was posted.. Founded in 1970, Essence has now expanded, reaching a global audience of more than 16 million across its many platforms.
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