May 20, 2013

JPMorgan Becomes Minority Investor in Johnson Publishing Co.

Johnson Publishing Co. CEO Desiree Rogers (L) and Chairman Linda Johnson Rice

*A unit of JPMorgan Chase is becoming a partner in Chicago-based Johnson Publishing Co., publisher of Ebony and Jet magazines, reports the Associated Press. It is the first time in the company’s 69-year history that it will not be fully family-owned. Chairman Linda Johnson Rice did not disclose the terms of the investment, but said [...]