The deal, which was signed in May and disclosed Tuesday, includes the assumption of JPC’s debt. It also continues the dismantling of Johnson Publishing Co., an iconic black-owned business founded in 1942 by brilliant entrepreneur John H. Johnson with the publication of “Negro Digest.” Mr. Johnson died in 2005. Even the name Johnson Publishing Co. may eventually disappear.

Ebony Magazine stirred a mini-firestorm of rage when it dredged up an old photo shot of the TV Cosby show family, plopped it on its November cover, and then fractured the picture. The obvious point being that embattled comedian Bill Cosby not only disgraced his legacy but disgraced the hitherto near sacrosanct image and legacy of the celebrated Cosby TV show family, the Huxtables. The premise of the show was that there is fully intact, respectable, high-achieving, prim and proper black middle-class families.