Last Week in Brief — 1/4/2008

Key departures and financial woes rock institutions

Warning: getimagesize(): Filename cannot be empty in /home/blackenterprise/public_html/wp-content/themes/blackenterprise/single-standard.php on line 35

Face of Essence Exits
Susan L. Taylor, considered the driving force behind Essence magazine, has left the publication after 37 years to focus on an organization she founded for troubled children, Essence Cares.

Taylor joined Essence in 1970 as a freelance fashion and beauty editor, becoming editor in chief in 1981. She held that title until 2000, when she was promoted to publications director of Essence, which was purchased by Time Inc. (a division of TimeWarner) in 2005 . Most recently, Taylor, 61, had been the magazine’s editorial director and author of it’s “In The Spirit” column.

With Taylor tied to the image of the magazine, her departure marks a significant change for Essence. “The timing would never be right,” says media expert Keith Clinkscales , senior vice president of content development and enterprises of ESPN. “If there was a Mount Rushmore of black media, her face would be right there. But she was smart enough to build a successful brand that can survive and be successful without her.”

For Taylor , the timing was prime for her to pursue her good works. “For me, 37 years in publishing and at a company I love is a hell of a run. With some of the most extraordinary and committed people on the planet, I did what I came to Essence to do. Together we built a brand that is one of the most respected throughout the black world, is the hallmark of excellence and commitment to the community,” says Taylor, who will release her fourth book this month, All About Love (Urban Books).

“The truth we middle-class African Americans must face is that millions of our young are in peril, and the state of emergency is only worsening on our watch. In some cities fewer than 20% of our children are graduating from high school; 58% of black fourth graders are functionally illiterate; failing schools are the pipeline to a for-profit prison system sucking the life out of our communities; murder is the No. 1 cause of death among our boys. These chilling statistics pushed me to create Essence Cares and its parent, the National Cares Mentoring Movement. For me, it’s now or never.”

Troubles at Fisk
Fisk University, founded in 1866 to educate newly freed slaves, is currently facing battles on several fronts. According to, which tracks the finances of nonprofits, Fisk had operating losses totaling more than $7 million in 2005 and 2006. In addition to this, the university is embroiled in a legal battle over art donated by painter Georgia O’Keeffe, which includes O’Keeffe’s 1927 painting Radiator Building — Night, New York and works by Pablo Picasso, Pierre-Auguste Renoir, Marsden Hartley, Charles Demuth, Paul Cezanne, and Alfred Maurer.

Fisk’s efforts to sell the 101-piece art collection have been snagged by a lawsuit. At press time, Fisk was seeking court approval to sell a 50% stake in the art collection to the Crystal Bridges Museum of American Art for $30 million. The Georgia O’Keeffe Museum in Santa Fe, N.M., is fighting the sale because of O’Keeffe’s wishes

Pages: 1 2

  • chubscs

    Working on your residence organization can truly be considered costly a. Every time you turn in your area seem to spend every dollar you could have on advertising and nevertheless not prosper in your organization.You really cant prosper if you have to pay a ton on marketing, specifically if you end up initially commencing out.

    Operating from household gives you with a amazing existence-design but unless of course you go regarding this the correct way, you’ll be able to shed interest whilst in the the end stop eating.

    There are several ways to attract prospects for your small business for example Google AdWords, post writing, classifieds, web 2 ., and so forth and similar matters. You can devote a plethora of dollars on such techniques, but if you do not have expertise you’ll just obtain all the other marketers flogging a dead horse.

    You might want to provide your prospects and leads with accurate value and provide them a resolution to their difficulty. There’s nothing done by promising get wealthy quick schemes and overnight results.

    Let us accept it, we are all aware that anything worthwhile requires time and operate as well as the very same thing is true of functioning at residence. Try to be self-disciplined and find out as considerably that you can from respected leaders inside the small business as most of them identified themselves while in the same position once they had been commencing out.

    Plenty of newbies enthusiasm for a new venture finally ends up costing a great deal money as they assume great good results definitely rapidly, instead of taking the time to define their niche marketplace and offering that industry with the answer to their difficulty.

    Its truly vital that you be knowledgable thus supply your download with excellent assistance and enable. Just finding leads on the list but not following by way of with assisting them in creating their particular leads will in the end see them take a backseat.

    It does not really need to expense a great find to get up and operating and you simply genuinely can get began about the shoe-string budget. Less expensive do your household-get the position done and study how to get folks for your requirements by supplying them what she require.

    Concerning worked difficult looking back in the forums , I was going about my marketing strategies in totally the wrong manner. Hindsight is a fine issue! Only when I knew then some tips i know now! However its on no account too late and I am now actually enjoying my company for a second time and not throwing a bunch of dollars away from now on.

    So if youre feeling disheartened, I will fully grasp that but there is however a program that tells you generally step-by-step some ways to develop your place companyand not set you back a modest fortune!
    You might be interested in:Police searching for missing man