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EBONY Media Holdings Categorically Denies Allegations Concerning Board Members John Robinson and Jacob Walthour

For Immediate Release

July 31, 2020

EBONY Media Holdings Categorically Denies Allegations Concerning Board Members John Robinson and Jacob Walthour

HOUSTON, TX – Over the past two weeks, persons claiming to act on behalf of Ebony Media Holdings and Ebony Media Operations have made a series of false and baseless allegations in press releases against stakeholders in Ebony and their representatives. Yet, despite their alleged affiliation with Ebony, those persons have done nothing to benefit Ebony’s iconic assets or to preserve its business.

“As a result, Parkview Credit Capital, Ebony’s largest creditor, participated in the filing of involuntary bankruptcy cases against Ebony so that a court-appointed trustee could maximize the value of Ebony’s assets. Parkview understand that as a result of the actions of these persons, the Board of Directors of EBONY Magazine has had to make a series of painful but necessary decisions. While made in the company’s long-term interest, such change is a prerequisite for preserving a legacy media institution with as storied a history as EBONY Magazine.

“These persons have sought to create confusion and deflect attention from their own irresponsible and inappropriate actions that have damaged Ebony. In fact, these releases quote Mr. Willard Jackson who has denied the statements published on PR Newswire, asserting that the message was published without his input, knowledge, or consent.

“Ebony Media Holdings is a private company and has no publicly traded securities. Therefore, there is no factual, legal or regulatory basis for claims of inappropriate trading.  In addition, no lawsuits have been filed against the Company or any of its directors in relation to the spurious claims.

“Parkview hopes that EBONY’s Board of Directors will continue to make decisions in the company’s long-term best interest.”

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Contact: Jennifer R. Farmer, jenniferr@spotlightpr.org

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