Word: successful
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Dates: during 1960-1969
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Appropriately enough, the magazine that honors success is one itself. After 22 years of publishing, Ebony has a circulation of 1,054,932, almost all of it Negro. It bulges with ads; revenue totaled $7,000,000 last year. Its publisher, John H. Johnson, puts out three other magazines as well: Jet (circ. 453,095), a pocket-size weekly of news tidbits; Tan (121,392), a monthly combination of homemaking advice and love stories; and Negro Digest (40,000), a literary monthly. Since he is also board chairman of Supreme Life Insurance Co. and owns a cosmetics company, Johnson...
...Johnson, 50, is less the brilliant innovator than a shrewd judge of the Negro community. He has been careful not to get too far ahead of the times-or too far behind. He started Ebony, he said in his prospectus, "to emphasize the brighter side of Negro life and success." As the darker side has come more into view, Ebony has adjusted. Last winter, Senior Editor Lerone Bennett Jr. provoked considerable controversy and a stern rebuttal from the New York Times when he wrote an article debunking Abraham Lincoln as the "embodiment of the American racist tradition." As part...
...Vixen. Negroes who are dissatisfied with Ebony's moneymaking nonmilitancy need only turn to Johnson's money-losing Negro Digest-a strenuous voice of Black Power. Writing that is roughly eloquent mingles with writing that is just plain rough. "Every white throat cut is a success in itself," was one writer's contribution to racial amity. Digest was one of the first publications to take exception to The Confessions of Nat Turner on the ground that White Novelist William Styron was incapable of putting himself inside the skin of a 19th century Negro slave. More effective...
...easing of the gold drain can be partially attributed to the success of the four-month-old "two-tier" price system. Under that arrangement, the U.S. now sells bullion at the official $35-per-ounce price only to foreign central banks, thus forcing private speculators to purchase gold on the open market. Gold fever has also been dampened by the fact that France is no longer in a position to cash in dollars for U.S. gold. On the contrary, a good part of the gold that has flowed into the U.S. comes from France, which has been forced...
...foreign earnings that they can invest in their international operations, U.S. companies have been finding new sources of capital on European money markets. Last week the Government reported that U.S. corporations figure to borrow, or arrange to borrow, more than $3 billion abroad this year. Because of their success in arranging loans such as these, the total U.S. corporate investment abroad this year is expected to surpass the $10.2 billion it totaled in 1967-without increasing the dollar outflow...