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Publisher Of Ebony Shrinks In Search Of Growth

02/09/2015 12:55 pm ET
EBONY

Johnson Publishing, parent company of Ebony magazine, has the weighty title of “curator of the African-American experience.” But the corporate base supporting that role keeps shrinking.

The company's recent decision to sell its historic photo collection is the latest example of downsizing, following the cancellation of Jet magazine's print version, the sale of Johnson's 11-story Michigan Avenue headquarters and the paring of its workforce by a third since 2007. Now it's trying to sublet one of two floors it rented at its new digs, after giving up a third earlier.

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