{"id":18637,"date":"2021-01-04T15:44:57","date_gmt":"2021-01-04T15:44:57","guid":{"rendered":"http:\/\/theoklahomaeagle.net\/?p=18637"},"modified":"2021-01-04T15:44:57","modified_gmt":"2021-01-04T15:44:57","slug":"retired-nba-player-ulysses-bridgeman-acquires-ebony-magazine-for-14-million","status":"publish","type":"post","link":"https:\/\/www.willoughbyavenue.com\/eagle\/2021\/01\/04\/retired-nba-player-ulysses-bridgeman-acquires-ebony-magazine-for-14-million\/","title":{"rendered":"Retired NBA Player Ulysses Bridgeman Acquires Ebony Magazine For $14 Million"},"content":{"rendered":"<p><a href=\"https:\/\/newsone.com\/4071532\/ulysses-bridgeman-acquires-ebony-magazine-for-14000000\/?fbclid=IwAR3VLCYEzh46P5zFi4VmGMJzN8pkaMMAzjA_ccNuxH4Uw9dzvmQ71KGfRq4\">www.newsone.com<\/a><br \/>\n&nbsp;<\/p>\n<h2 class=\"post-meta__lead\" style=\"text-align: center;\"><em>\u201cWhen you look at Ebony, you look at the history not just for Black people, but of the United States,\u201d said Bridgeman.<\/em><\/h2>\n<p>&nbsp;<br \/>\nA retired NBA player is stepping up to save an iconic publication that is embedded in the fabric of Black culture. According to the <strong><a href=\"https:\/\/www.chicagotribune.com\/business\/ct-biz-nba-junior-bridgeman-top-bidder-ebony-20201222-v6bdmgdhjngupdcrglollqybou-story.html\" target=\"_blank\" rel=\"noopener\">Chicago Tribune<\/a><\/strong>,\u00a0<strong>Ulysses \u201cJunior\u201d Bridgeman<\/strong>\u00a0is buying the media company Ebony out of bankruptcy.<\/p>\n<div class=\"ione-widget-container ione-widget-ionead\">\n<div id=\"ad-post-incontent1\" class=\"ad\" data-ad-id=\"post-incontent1\">\n<div id=\"div-gpt-post-incontent1\" class=\"gpt-ad\" data-google-query-id=\"CIPk_c_Mgu4CFY4oAQodFjoPuA\">\n<div id=\"google_ads_iframe_\/4052\/no.home\/desktop\/good-news_7__container__\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"rna-container rh-ineligible\" data-embed-url=\"https:\/\/twitter.com\/username\/status\/1343617715668279299\" data-rhp=\"1\">\n<div class=\"twitter-tweet twitter-tweet-rendered\" data-rhp=\"1\"><iframe id=\"twitter-widget-0\" class=\"\" title=\"Twitter Tweet\" src=\"https:\/\/platform.twitter.com\/embed\/index.html?dnt=true&amp;embedId=twitter-widget-0&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1343617715668279299&amp;lang=en&amp;origin=https%3A%2F%2Fnewsone.com%2F4071532%2Fulysses-bridgeman-acquires-ebony-magazine-for-14000000%2F&amp;theme=light&amp;widgetsVersion=ed20a2b%3A1601588405575&amp;width=500px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-tweet-id=\"1343617715668279299\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<p>&nbsp;<br \/>\nThe acquisition was made through his company Bridgeman Sports and Media. Bridgeman\u2014an East Chicago native\u2014bid $14 million for the company in U.S. Bankruptcy Court. The athlete-turned-entrepreneur says by purchasing the publication he hopes to preserve its legacy and make it profitable in this digital age. \u201cNothing is ever easy, but this would be, I think, a labor of love,\u201d he said in a statement, according to the news outlet. \u201cEbony kind of stood for Black excellence, showing people doing positive things that could benefit everyone. When you look at Ebony, you look at the history not just for Black people, but of the United States. I think it\u2019s something that a generation is missing and we want to bring that back as much as we can.\u201d Bridgeman says the company will be operated by his children and the publication will remain digital with exclusive print issues.<br \/>\nEbony Media is currently owned by\u00a0<strong><a href=\"https:\/\/newsone.com\/tag\/linda-johnson-rice\/\">Linda Johnson Rice<\/a>\u00a0<\/strong>and the CVG Group which acquired the publication in 2016.<br \/>\nBridgeman\u2014a former Milwaukee Bucks player who retired in 1987\u2014has made several power moves in the realm of business. In 2017, he opened Heartland Coca-Cola Bottling Co. after spending decades as a fast-food restaurant franchisee. In 2019, he attempted to acquire Sports Illustrated from The Meredith Corp.<\/p>\n<div class=\"ione-widget-container ione-widget-ionead\">\n<div id=\"ad-post-incontent2\" class=\"ad\" data-ad-id=\"post-incontent2\"><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>www.newsone.com &nbsp; \u201cWhen you look at Ebony, you look at the history not just for Black people, but of the United States,\u201d said Bridgeman. &nbsp; A retired NBA player is stepping up to save an iconic publication that is embedded in the fabric of Black culture. According to the Chicago Tribune,\u00a0Ulysses \u201cJunior\u201d Bridgeman\u00a0is buying the&hellip;<\/p>\n","protected":false},"author":3,"featured_media":18638,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[103,105,110],"tags":[],"thb-sponsors":[],"class_list":["post-18637","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-national","category-sports"],"_links":{"self":[{"href":"https:\/\/www.willoughbyavenue.com\/eagle\/wp-json\/wp\/v2\/posts\/18637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.willoughbyavenue.com\/eagle\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.willoughbyavenue.com\/eagle\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.willoughbyavenue.com\/eagle\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.willoughbyavenue.com\/eagle\/wp-json\/wp\/v2\/comments?post=18637"}],"version-history":[{"count":0,"href":"https:\/\/www.willoughbyavenue.com\/eagle\/wp-json\/wp\/v2\/posts\/18637\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.willoughbyavenue.com\/eagle\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/www.willoughbyavenue.com\/eagle\/wp-json\/wp\/v2\/media?parent=18637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.willoughbyavenue.com\/eagle\/wp-json\/wp\/v2\/categories?post=18637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.willoughbyavenue.com\/eagle\/wp-json\/wp\/v2\/tags?post=18637"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/www.willoughbyavenue.com\/eagle\/wp-json\/wp\/v2\/thb-sponsors?post=18637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}