Chicago's Johnson Publishing sells Ebony, Jet magazines

It's the end of an era for Chicago's once-powerful Johnson Publishing.

The company is getting out of the publishing business after selling Ebony and Jet magazines to a private equity firm in Texas.

Ebony has been around 71 years. Jet recently became digital-only.

Johnson Publishing still owns Fashion Fair cosmetics and its historic photo archive, which remains up for sale.
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