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Time Inc.

Johnson Publishing to sell historic photo archive

Johnson Publishing to sell historic photo archive

A picture is worth a thousand words. You know that. Measured in dollars, Johnson Publishing is hoping 5 million of them will fetch closer to $40 million. Looking to raise cash, the Chicago-based publisher of Ebony magazine has put its entire photo archive up for sale. The historic collection spans 70 years of African-American history, chronicling everyone from Martin Luther King Jr. to Sammy Davis Jr. Johnson Publishing has had its collection appraised and recently hired a consultant to shop its wealth of iconic images, including a 1969 Pulitzer Prize winning photo of King's widow and child, taken at his funeral. "It's just sitting here," said Johnson Publishing...

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