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Buying Power report: Blacks spend as economy grows
New 16th edition shows $507 bil in spending



The finding comes from the 16th annual edition of "The Buying Power of Black America" report. In 2009, black households spent an estimated $507 billion in 27 product and services categories. ...

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Johnson Publishing Company names Rich A. Magid Chief Financial Officer

(January 22, 2013) Johnson Publishing Company, L.L.C. announced today that Rich A. Magid has been named the company's Chief Financial Officer.

Mr. Magid has worked in finance and accounting for 32 years. Most recently, he served as Chief Financial Officer and Managing Partner of Stadium Capital Financing Group, a finance and marketing consulting firm; an affiliate of Morgan Stanley. Prior to this position, Mr. Magid was Chief Financial Officer, Chief Operating Officer and Director for Natural Golf Corporation. Mr. Magid also served as Chief Financial Officer and Board Member of Sportvision, Inc.

"Strategically growing and repositioning Johnson Publishing Company, and its brands in the marketplace, is paramount to our overall success," said Desiree Rogers, CEO, Johnson Publishing Company. "Rich brings a wealth of financial knowledge to the team at a time when the company is expanding its presence particularly in digital and licensing. He has an enormous amount of experience and has driven positive strategic change for companies across various industries. We are excited to have him join our team."

Mr. Magid holds a B.S. in Accounting from the University of Illinois and is a Certified Public Accountant. He's sat on multiple boards in the Village of Skokie, his local synagogue and high school, as well as being a board member of The Ark. He is a life-long Chicago native and lives in Skokie with his wife Monica and their four children.

Johnson Publishing Company, LLC, founded by John H. and Eunice W. Johnson in 1942, is the leading African American media publisher. Headquartered in Chicago, with New York and London offices, the Company publishes EBONY and JET, ranked No. 1 and No. 3, respectively, among Black American magazines, and owns Fashion Fair Cosmetics, a global prestige cosmetics brand for Black Women launched in 1973.

 Johnson Publishing operated the Ebony Fashion Fair, the world's largest touring fashion show, until 2009; it raised more than $55 million for scholarships and various charitable causes. Additional Information about Johnson Publishing Company, LLC is available at www.johnsonpublishing.com.


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