Kamis, 04 Januari 2018

Deal Re-Establishes ESSENCE as a 100% Black-Owned Independent Company

Essence Festival

Essence Ventures LLC, an independent African-American owned company focused on merging content, community and commerce, has announced its acquisition of multi-platform media company Essence Communications Inc. from Time Inc. ESSENCE President Michelle Ebanks will continue at the helm of the company and will also join its board of directors. In addition, the all Black female executive team of ESSENCE, including Ebanks, will have an equity stake in the business.
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