With Sale, Essence Is Once Again Fully Black-Owned 

The New York Times – The magazine, a mainstay of black culture for almost half a century, was bought by Richelieu Dennis, the founder of Sundial Brands, a large personal-care products company, from Time Inc., Essence Ventures announced on Wednesday. Mr. Dennis would not discuss the details of the sale.

https://goo.gl/ubWDuL

More from The Black Report®