Ebony Magazine Negotiating Sale with Bridgeman Sports and Media

Ebony magazine’s board said it’s negotiating a sale to Bridgeman Sports and Media LLC, and will consent to involuntary bankruptcy petitions filed against it as part of that process, according to court filings Wednesday.

• In a signed document dated Aug. 18, the board of directors outlined talks between Ebony Media Holdings LLC and its subsidiary Ebony Media Operations LLC and Bridgeman
  • Once the letter of intent is finalized, negotiations for the purchase and sale agreement will begin
• If approved by a judge, a stipulation and agreed order dated Sept. 2 would provide the consent of Ebony Media Holdings and Ebony ...