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Article: Daily News, New York, publishing column.
- Article from:
- Daily News (New York, NY)
- Article date:
- January 7, 2005
CopyrightCOPYRIGHT 2005 Daily News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Paul D. Colford
Jan. 7--A leading African-American publisher has sounded a sour note over the pending sale of Essence Communications Partners, parent of black women's magazine Essence, to Time Warner.
Earl Graves Sr., chairman of Black Enterprise magazine, issued a statement saying it was unfortunate "there wasn't an open bidding process."
Black entrepreneurs "could have made an offer for the company and possibly preserve Essence as a black-owned business and institution," he added.
Graves spoke out after Time Inc., the magazine giant within Time Warner, announced plans on Tuesday to buy the 51 percent of Essence ...
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