Wednesday, March 3, 2010

MAGIC JOHNSON NOT BUYING EBONY MAGAZINE


The deal fell through.
A few weeks ago rumors circulated that Magic Johnson was interested in buying financially troubled Ebony and Jet magazines. Too bad they couldn't agree on a price. Magic walked away from the deal and released this statement:

"Recently, an affiliate of Magic Johnson Enterprises and Johnson Publishing Company were in advanced discussions to do business together, but unfortunately we were unable to reach a definitive agreement."
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