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In the Black community Ebony and Jet magazines are iconic brands that validate our achievements. On Tuesday, June 14 it was announced that Johnson Publishing sold the magazines for an undisclosed amount. The sale of the publications means that Johnson Publishing is no longer in the publishing business after 71 years. Unlike the sale of BET to Viacom, the…

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Michael Jackson

Michael Jackson was the world’s most famous entertainer until his untimely death in 2009 due to a drug overdose. He was known not only for his musical and dancing abilities but also his legendary investment skills. In 1985, Jackson purchased a music catalog that included hit songs by the Beatles for $41.5 million. Jackson later merged this…

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Former Microsoft CEO Steve Ballmer is a big basketball fan and now it seems he will own the LA Clippers. In a cutthroat bidding war for the team, Ballmer offered a staggering $2 billion and knocked all other competition out of the way. If the deal goes through, it will be the highest price ever…

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