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Ulysses "Junior" Bridgeman
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EBONY Media Group has appointed a new CEO. In a press release, the company has announced that Eden Bridgeman Sklenar will officially step into the role as the brand’s Chief Executive Officer. Toting more than 15 years of senior management experience across several brands, Sklenar aims to add her expertise to help rebuild the iconic brand, which brought us cultural staples like the EBONY and JET magazines. “I am ecstatic to fully embrace the EBONY and JET brands, and to work even more collaboratively with our exceptional senior leadership as we revive and rebuild these iconic brands that have been a staple in our community and culture,” she shared in an official statement around the news.
Former NBA player Ulysses “Junior” Bridgeman is putting his money where his mouth is as he recently won a $14 million bid for Ebony Media Operations LLC. According to the Chicago Tribune, Bridgeman Sports and Media, the company owned by the retired Milwaukee Bucks forward, emerged as the winner for Ebony Media’s assets by a bankruptcy court in Houston on Friday (Dec. 18). The legacy Black media company was forced into Chapter 7 bankruptcy in July after defaulting on more than $10 million in loans per its creditors. In September, the bankruptcy was converted to a voluntary Chapter 11 reorganization. Bridgeman, 67, says that despite the recent financial troubles Ebony has been experiencing, he believes that he can return it to profitability with “the right ideas and the right execution.” For Bridgeman, he says that it’s most important that Ebony returns to a place of prominence in American culture. In 1945, the magazine was launched by Chicago-based Johnson Publishing as an...