October 21, 2017 4:01 PM ET


Company Overview of Essence Communications Inc.

Company Overview

Essence Communications Inc. publishes ESSENCE, a lifestyle, fashion, and beauty magazine for African-American women. Its magazine covers topics in the categories of celebrity, fashion, beauty, hair, love, life, career and finance, health, and lifestyle. The company also generates the Essence Music Festival featuring cultural celebrations, seminars, and musical performances; Women Who Are Shaping the World, a leadership summit; Window on Our Women and Smart Beauty consumer insights; the Essence Book Club; and ventures in mobile, television, and VOD media through Essence Studios. In addition, it operates Essence.com, a Web destination that serves as the daily source for African-American relate...

135 West 50th Street

4th Floor

New York, NY 10020

United States

Founded in 1968





Key Executives for Essence Communications Inc.

Founder, Chairman and Chief Executive Officer
Age: 77
President and President of People En Español
Age: 55
Associate Publisher of Marketing
Editorial Director of ESSENCE Magazine
Compensation as of Fiscal Year 2017.

Essence Communications Inc. Key Developments

Essence Forms Multi-Platform Partnership with Macro

ESSENCE have formed a multi-platform partnership with MACRO to develop and produce a television documentary and video project aimed at the multicultural audience. The partnership was announced by Bruce Gersh, Senior Vice President of Business Development and Strategy for Time Inc. and King, Founder and CEO of MACRO.

Time Seeks To Sell Majority Stake In Essence

Time Inc. (NYSE:TIME) is looking to sell a majority stake in Essence Communications Inc. since it decided against selling the entire company this spring. “We want to unlock the value here,” said Rich Battista, Time Inc.’s Chief Executive, in an interview. “We think the best way to do that is to bring in a strategic partner with investment capital. We’re keeping an interest because we see real upside.” Battista said he hopes to complete a transaction by the end of 2017.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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