CORRECTION
Johnson Publishing sold ONLY EBONY and Jet Magazines. They retained Fashion Fair, the cosmetics division and photo archives. AJC 's Ernie Suggs reports, they tried to sell the archives for an estimated $40 million but were unsuccessful. The Wall Street Journal is reporting (April 24, 2019) that billionaire couple Mellody Hobson and George Lucas are seeking control of the EBONY JET Archives. The Photo Archives are at risk due to the bankruptcy filing. Links:
Johnson, former Ebony and Jet publisher, files for bankruptcy, by Ernie Suggs (April 10) Atlanta Journal Constitution https://www.ajc.com/news/johnson-former-ebony-and-jet-publisher-files-for-bankruptcy/WTnEwA0TokQcZL52SJZoAM/?fbclid=IwAR2Exrn5mZ1xK4AhAVQs8TbESeammYdFJcmERwGTb-JWfdoTlSDpfct93Tw
Filmmaker George Lucas, Wife Mellody Hobson Seek Control of Ebony, Jet Archives by Jonathan Randles - The WSJ article - Subscription Required https://www.wsj.com/articles/filmmaker-george-lucas-wife-mellody-hobson-seek-control-of-ebony-jet-archives-11556135813