Ebony Media Heads For Auction With $14M Stalking Horse

Law360 (October 9, 2020, 8:21 PM EDT) -- A Texas bankruptcy judge on Friday gave the bankrupt owner of long-running Black cultural magazines Ebony and Jet the go-ahead to put itself up for sale with a $14 million stalking horse bid.

Under the bid procedures approved by U.S. Bankruptcy Judge David Jones at the remote hearing, prospective buyers of Ebony Media Operations will have until Dec. 7 to submit a higher bid for the company than the offer made by Bridgeman Sports and Media LLC at the beginning of September.

Bankruptcy proceedings against Ebony Media began in July, when creditors Parkview Capital Credit Inc., photo studio Plum Studio and...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!