For over 47 years ESSENCE Magazine has proudly represented women of color in a positive light. Yesterday evening, it was announced that the Founder of Shea Moisture, Richelieu Dennis, acquired Essence from Time Inc. This means that ESSENCE is back to being 100% black owned.

Editor-in-cheif of ESSENCE Magazine, Vanessa De Luca released an official statement. “It is with great joy that we announced today, Jan. 3, 2018, that Essence Communications is under new ownership: Essence Ventures LLC, an independent African-American-owned company focused on merging content, community and commerce…”

Official announcement:

It is with great joy that we announced that Essence is under new ownership and is now an independent African-American-owned company. Thank you for being in our corner over the last 47 years. We know that we work for you and nothing makes us happier. ❤️ https://t.co/q2BGN0pxNF pic.twitter.com/CbLQlpK9Qz

— ESSENCE (@Essence) January 4, 2018

Author: @shantiab.tv