Ebony Gets OK For $14M Ch. 11 Sale To Ex-NBA Player

By Rick Archer (December 22, 2020, 5:32 PM EST) -- A Texas bankruptcy judge Tuesday approved the sale of the bankrupt owner of long-running Black cultural magazines Ebony and Jet to a company owned by a former NBA player for $14 million.

At a brief remote hearing, U.S. Bankruptcy Judge David Jones approved Ebony Media Operations' sale to Bridgeman Sports and Media LLC, noting that the process — which included the removal of Ebony's board after directors struck a deal with a prospective rival bidder — had taken "a turn here and a turn there."

Bridgeman — owned by former NBA player Ulysses "Junior" Bridgeman — submitted a $14 million stalking...

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?
Ask a question!