Top Level Execs Fired at Ebony and Jet

I always wondered who the hell still read these magazines and Ebony's already dwindling circulation numbers must have taken a hit when they decided to put Michael Jackson on the cover (eww). But still, with BET now owned by Viacom and Essence under Time Inc. I wonder if any black owned media outlets have a chance of success.

Get the full story over at Folio.