Ebony Magazine is looking to auction off their photo archive which depicts the history of Black culture. If the sale is approved by the bankruptcy court, the archive will go up for sale this July.

The money that will be collected from Johnson Publishing would go to settling debts with numerous creditors. According to The Pantagraph, the Johnson Publishing company has already sold their Ebony and Jet magazines three years ago and has been searching for the ability to sell the photo archive since 2015.

The archive holds 4 million images from the civil rights era moving forward and includes rare images of Muhammad Ali and more. The collection is appraised at $46 million.
-The Source

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