In one of the more interesting new items of the day, Magic is in negotiations to take over Johnson Publishing Co., the publishers of Ebony and Jet.
Under the prospective deal, the magazine publisher would be absorbed by Magic Johnson Enterprises. A source close to the agreement said that Magic would also buy Johnson Publishing’s Chicago offices.
If this deal goes through, it would be strangely..... appropriate. I'm not sure why, but it just is.
Magic's business connections could certainly pump up the ad revenues for both magazines. Plus, having grown up when both mags were in their heyday, he would have lots of appreciation for their history.