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EBONY
  • 9/9/2024
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00:00Hello, I'm Linda Johnson Rice, Chairman of Johnson Publishing Company.
00:06It is my pleasure to share with you the news that J.P. Morgan Chase has become an investor
00:11in our company, marking a new and exciting chapter in our 60-year history.
00:17My family will continue as a majority owner of Johnson Publishing, the nation's preeminent
00:22publisher of Ebony and Jet, and owner of Fashion Fair Cosmetics, a global prestige cosmetics
00:28brand for women of color.
00:31This investment is the logical next step in a relationship that began more than 40 years
00:35ago when my father, John H. Johnson, became a client of First National Bank of Chicago,
00:42one of J.P. Morgan Chase's predecessor banks.
00:45It shows their great confidence in our company as a leading black American firm, and it also
00:51demonstrates J.P. Morgan Chase's commitment to the black community and its tradition of
00:56partnering to support its clients.
00:59This investment will give us additional resources to take our iconic media brands, Ebony and
01:04Jet, to the next level and accelerate our growth strategy for Fashion Fair Cosmetics.
01:10Ebony and Jet are the number one and three magazines committed to the black community.
01:16I want to thank you, our readers, customers, advertisers, and business partners for your
01:22continued support.

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