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Solid Gold Soul
February 17, 2010

Welcome to Solid Gold Soul


MAGIC TO BECOME PUBLISHER?

Magic Johnson

If you haven’t heard by now, the rumors are true. Magic Johnson is interested in buying Johnson Publishing, the company that owns Ebony and Jet Magazines.

Ebony and Jet, if you didn’t know, are the oldest and the most widely circulated publications that target African Americans. Founded by John Johnson over 60 years ago, the company has since generated billions in advertising revenue – but has fallen on tough times amidst a difficult economy and the recent deaths of both Johnson and his wife.

In 2009, the company’s revenue declined 38% to just $35.5 million.

However, former NBA player and business mogul Magic Johnson is interested in coming to the rescue. He and his company, Magic Johnson Enterprises, are reportedly already having conversations to move the acquisition forward.

I think this is a great idea for Magic Johnson. Johnson Publishing needs a new face, and I think Magic’s clean and well-respected image is perfect.

Even more, Magic is a brilliant entrepreneur with many successful businesses. He has defied many odds, and has become a global business icon. I believe that in no time he could rebuild Ebony and Jet back to profitability.

It’s also a great PR move for him to be known as the person who bought two ailing magazines that have such powerful and cultural significance amongst Blacks.

Finally, Magic’s acquisition of the company would encourage something that you don’t see much of these days: Bigger Black-owned companies acquiring their smaller Black-owned counterparts. This is something that the Black business community lacks greatly, and is the very reason why many small Black-owned firms have sold their companies to white-owned firms.

Through this one simple acquisition, Magic Johnson would make history (again), and would undoubtedly influence the lives of African Americans in many different ways.


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Solid Gold Soul
February 17, 2010

Welcome to Solid Gold Soul

WHITE HOUSE HITTING ITS STRIDE

President Obama

It’s in with the old at the Obama White House: The administration is revamping its communications strategy by returning to campaign-style discipline.

After criticisms of overexposure, the White House is limiting Obama’s appearances and interviews and responding rapidly to criticisms on the White House blog.

Obama is hosting more events where he speaks directly to the public without the media as intermediary.

So far this year, Obama has only done one interview with a reporter who regularly covers the White House.

The Daily Beast’s Leslie H. Gelb says Obama desperately needs a sweeping staff shakeup-he must reassign Rahm Emanuel, dump Larry Summers, and get rid of National Security adviser Jim Jones-to save his presidency.


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Freddie Bell
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Solid Gold Soul
February 17, 2010

Welcome to Solid Gold Soul

SADE SELLING LIKE A SOLDIER

Sade

*It should come as no surprise that Sade has a smash on her hands with the release of “Soldier of Love.” After all, it’s been 10 years since her fans had new music from her

According to industry trade magazine Hits Daily Double, based off of her debut sales effort on Feb 9, it’s predicted that “Soldier” will sell anywhere from, 400,000 to 425,000 copies within the first week.

Keep in mind that those numbers are an estimate that could be more or less affected depending on the recent winter blizzards occurring in the Mid-Atlantic region and thyis weekend’s bad weather in nthe South. No matter what, it looks like Sade will come out on top. BTW, vying for second place is Jaheim’s latest release “Another Round.”

Even the hip hop community can’t resist the charms of the now still gorgeous 50-year-old smooth operator. 24hiphop.com pointed out that Sade is getting mad love from hard head Busta Ryhmes and even Kanye West.

“This is why I still have a blog…,” West wrote. To be a part of moments like this … New Sade … How much better this than everything else?”

Busta to to Twitter to show his love for Sade:

“Sade is unbelievably incredible … Soldier of Love in-stores Feb.9th…Watch what happens…”


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888-639-9738

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