Mellody Hobson, the president of Ariel Investments, LLC., arrives on the red carpet for the Ford’s Theater Grand Reopening Celebration in Washington February 11, 2009 (REUTERS/Molly Riley).
Entrepreneur Mellody Hobson is attempting to foreclose on the photo and recording archives of Ebony and Jet magazines after the magazines’ former owner, Johnson Publishing Company, filed for bankruptcy. Hobson, a Black woman from Chicago whose fans include Oprah and Facebook exec Sheryl Sandberg, has been involved with a variety of financial services organizations.
The archives contain photographs of iconic African American leaders and artists, including Malcolm X, Langston Hughes, Jackie Robinson, Aretha Franklin, and Prince. According to The Wall Street Journal, the work of longtime Ebony staff photographer Moneta Sleet Jr., who was the first Black journalist to win the Pulitzer Prize, is also included. The archive was appraised for at least $40 million in 2014.
The historical archives…
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