History
Edward Lewis, Clarence O. Smith, Cecil Hollingsworth, Jonathan Blount and Denise M. Clark founded Essence Communications Inc. (ECI) in 1968, and it began publishing Essence magazine in May 1970. Its initial circulation was approximately 50,000 copies per month, subsequently growing to roughly 1.6 million. Gordon Parks served as its editorial director during the first three years of its circulation.
In 2000, Time Inc. purchased 49 percent of Essence Communication inc, a publishing company that publishes magazines aimed at African American women, namely Essence and Suede magazines. In 2005 Time Inc. made a deal with Essence Communication Inc. to purchase the remaining 51 percent it did not already own. The deal placed the ownership of the 34-year-old Essence magazine, one of the United State’s leading magazines for women of color, under white ownership.
Read more about this topic: Essence (magazine)
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