RJR Media Group takes full control of 'American Legacy' by buying Forbes stake

(May 14, 2007) RJR Media Group, LLC, announced today that it will acquire American Legacy Magazine, a national publication devoted to African-American history and culture. Terms of the purchase were not disclosed. Rodney J. Reynolds (left), the president of RJR Media Group, and the founder and publisher of American Legacy Magazine, said he expects the acquisition to be completed in the next thirty to sixty days.

American Legacy, published quarterly, is a joint venture between RJR Communications Inc. and American Heritage, Inc. an affiliate of Forbes, Inc. RJR Media Group was formed to acquire the assets of American Legacy Magazine.

“This is an exciting time for the American Legacy brand.  For more than 12 years, we’ve delivered a quality publication, and provided services to the African-American community ­teaching black history and culture on an ongoing basis. We will continue American Legacy’s commitment to not only educate and inform the African-American reader, but all Americans,” said Reynolds.

Other brands include: American Legacy Woman; American Legacy Healthcare Advantage; American Legacy, Jr. and American Legacy TV.

In addition to heading up RJR Media Group, Reynolds will continue in his position as publisher of American Legacy Magazine.

“As thrilled as we are about the new direction of American Legacy, we are equally honored to have had the partnership and support of a publishing giant such as Forbes. Our 12-year partnership has been extraordinary and I’m sure we will work with each other on specific projects in the future,” Reynolds added.

In 1994 Reynolds and Tim Forbes, currently COO of Forbes Media, LLC, formed a joint venture to publish American Legacy Magazine. A pilot issue was published in 1995, and the magazine launched as a quarterly in 1996 with a circulation of 500,000. In 2001, the magazine expanded its brand to include American Legacy Television, a series of one-hour specials based on the magazine and produced and hosted by television industry veteran Tim Reid. American Legacy Television is a partnership between RJR Communications and New Millennium Studios.


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 13th Edition Now Available 
New Buying Power report shows more spending by black consumers on 'necessities'

Thanks to economic gains in the past two years, black households across the U.S., especially middle-class families, are increasing their purchases of lifestyle and leisure items.

According to the newest edition of “The Buying Power of Black America,” there are indications that black households are feeling more confident about making purchases that...
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