Johnson Publishing, the company formerly behind magazines such as Ebony and Jet, has filed for bankruptcy
San Francisco .
The petition was filed Tuesday afternoon in US Bankruptcy Court in Chicago. Johnson Publishing Company currently consists of an extensive archive of about 4 million images and 10,000 video assets from its former magazines and a cosmetics business, Fashion Fair Cosmetics. The company's founder, Johnson H. Johnson, died in 2005. Johnson Publishing Company previously described itself as the world's largest African-American-owned and -operated publishing company.
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