Is Ebony Magazine For Sale?

In the latest issue of Newsweek Magazine, a report said that the 64 year old Ebony Magazine is up for sale. A spokesperson for Ebony, Wendy Parks issued the following statement: "As we've indicated previously, we are exploring a range of options to support our core media business,". Ebony which has been a premiere source of entertainment that caters to African-American, news, entertainment and politics has had its struggles even before the death of former founder and CEO, John H. Johnson died, but even more so in recent times, primarily due the the expansion of online media leading to declining revenues. I love Ebony, I grew up on Ebony. My only hope is that it doesn't end up falling into the hands of some media conglomerate and end up like BET. We wish the Ebony Magazine family all the best.