Nintendo: Super Mario Run had 40 million #iOS downloads in 4 days []

Nintendo Update: Super Mario Run had 40 million #iOS downloads in 4 days. Featured at RJO Ventures, Inc.

Super Mario Run was downloaded 40 million times in the first four days of its release worldwide, according to Nintendo. The publisher confirmed those numbers on Twitter.

With this feat, this makes it the fastest app ever to 40 million downloads in the $35 billion mobile gaming industry. The Android version has yet to be released either! Nintendo did not share its revenues but the game spent the last several days at No. 1 on the grossing list in a number of countries around the world. It likely generated between $2 million and $5 million per day from the United States alone.

Sheila Johnson, Founder and CEO of Salamander Hotels & Resorts []

Sheila C. Johnson, founder and CEO of Salamander Hotels & Resorts, discusses how she entered the hospitality industry, the story behind her company's name, and what excites her about the new Salamander Resort & Spa opening in Middleburg, VA, in 2013.

Pixel by Google; Powered by a Snapdragon 821 processor []

Pixel by Google Featuring a Snapdragon 821 Processor. Featured at RJO Ventures, Inc. (#RJOVentures) for Educational Purposes Only!

The first-ever phone designed end-to-end by Google, the Pixel is designed to provide unlimited storage with automatic content backup, smarter messaging with Smart Reply that personalizes your messages, quicker access to your device with Pixel Imprint, sharper images with Google Camera that allows you to take great pictures in any light condition, and built-in Google Assistant to help you find what you need and get things done. The Pixel is available with a 5" or 5.5" (XL) display, and a choice of three colors: Really Blue (limited edition), Very Silver and Quite Black.

Source: Qualcomm

As one of the most cutting-edge mobile processors ever created, the Qualcomm® Snapdragon™ 821 processor with X12 LTE builds on the momentum of our Snapdragon 820 processor. It is designed to support superior connectivity, graphics, photography, power and battery efficiency and helps set a new bar for smartphones, tablets, mobile virtual reality (VR) head-mounted displays and more.

Source: Qualcomm

Miami's $1 Billion Brickell City Centre is Now Open []

Miami's $1 Billion Brickell City Centre is Now Open. Featured at RJO Ventures, Inc. (#RJOVenturesInc)

After four years of construction, the Brickell City Centre finally opened its doors to the public on November 3, 2016. The $1 billion dollar building was built to keep Miami’s downtown area booming with business.

The building consist of retail stores, restaurants, condos and hotels. “This is a transformational project and it is transforming Urban Miami,” said Stephen Owen, the president of Swire Properties. Days prior to the opening, stores like Saks Fifth Avenue gave VIP tours.

Richard John Presents: Election Day Theme (TV Soundtrack) (#Elections2016) []

Title: Richard John Presents: Election Day Theme
Single: Election Day Theme (#Elections2016)
Genres: Sound Effects, Music, Soundtrack
Released: Nov. 8, 2016
Label: ℗ 2016 Rymatica Entertainment
Music Publishing: Rymatica Music Publishing (ASCAP); R John Publishing (ASCAP); Rymatica Sounds Publishing (SESAC)

Available for Music Placement via Music Licensing: Television, Cable, Newscast, Internet, Satellite and Radio

Cathy Hughes, Founder/Chairperson of Radio One, Inc. Interview []

Cathy Hughes, Founder of the independently black-owned Radio One, special showcase, featured at RJO Ventures, Inc. For Promotional Use Only!

Watch The Cathy Hughes One on One Special.

Roland Martin sits down with Radio One, Inc. Founder Cathy Hughes to discuss her incredible career.

Source: TV One

Richard John Presents: Indie Game Music (Full Soundtrack Album Release; Google Play, Amazon, etc.) []

Richard John Presents: Indie Game Music. It is a full length soundtrack album release through Rymatica Entertainment, where Richard John serves as the executive producer. Featured here at RJO Ventures, Inc.

Genres: TV Soundtrack, Music, Soundtrack
Released: Oct 18, 2016
℗ 2016 Rymatica Entertainment (#Rymatica)

Track Listing:

1. Wanderer
2. Fallout
3. Android
4. One at a Time
5. Dungeon Master
6. Mushroom Garden
7. The Abyss

Nvidia's Jen-Hsun Huang - Top 10 best-performing CEO according to Harvard Business Review []

Above: Jen-Hsun Huang of Nvidia shows off the company's Tesla M4 and Tesla M40 deep learning chips. Image Credit: Nvidia

Harvard Business Review ranks Nvidia boss Jen-Hsun Huang as a top 10 best-performing CEO. Featured at RJO Ventures, Inc. (#RJOVenturesInc) For promotional use only!

Nvidia chief executive officer Jen-Hsun Huang is the No. 6 best-performing CEO in the world, according to the latest rankings from Harvard Business Review. The publication states that this list is about revealing the corporate leaders that are best at delivering reliable long-term performance. Jen-Hsun Huang co-founded Nvidia in 1993 and he has overseen its growth into the market leader for PC graphics while simultaneously expanding into new sectors like self-driving cars, consumer electronics and deep-learning cloud computing.

Huang is the top-ranked CEO of a gaming-focused company on the Harvard Business Review's list. Activision chief executive Bobby Kotick comes in at No. 75. Tencent chief Huateng “Pony” Ma, Softbank's Masayoshi Son and Amazon's CEO Jeffrey Bezos made the list at No. 45, No. 73 and No. 76 respectively.

“Our strategy is to focus on creating the future where graphics, computer vision, and artificial intelligence converge is fueling growth across our specialized platforms of gaming, pro visualization, datacenters, and Automotive,” Huang said in a statement alongside Nvidia’s earnings statement in July.

Rebecca Enonchong, Founder and CEO of AppsTech []

Rebecca Enonchong, Founder and CEO of AppsTech. Featured at RJO Ventures, Inc. (#RJOVenturesInc)

Rebecca Enonchong is the founder and CEO of AppsTech and I/O Spaces. AppsTech is a Bethesda, Maryland-based global provider of enterprise application solutions founded in 1999. It's an Oracle Platinum Partner and has customers in over 40 countries. I/O Spaces is a Co-working space in Silver Spring, Maryland.

Rebecca Enonchong started AppTech with literally no money and despite her best efforts, she was never able to raise any funding.

"I was a Black woman tech founder. I was a Black African woman tech founder. Although those might have been external factors, my race, gender or national origin were never a part of my equation. I lived in a self-created bubble in which those elements didn’t matter and I went about my business as any white male would have, oblivious to the reality that surrounded me and the challenges before me. It honestly never occurred to me that it might be any harder for me than any of my fellow startup entrepreneurs."


Lesson One: Your reality is the one that you create in your mind, not the one that others create for you. Because I was not conscious of how difficult this was, I could be bold. And bold I was. With very little savings and no financial backing, I set out to build a global multi-million dollar business. I spent the first two weeks doing nothing but writing my business plan.

Because I was writing it for me, and not for bankers or investors, I could be completely honest. I was able to lay out my weaknesses, market risks in a very bare, truthful way. Then I could think of strategies to counter these. As I did this, my business model changed significantly from what I first intended. Over the years of course, it changed some more.

Lesson Two: Having a personal business plan is very effective. When we pitch to investors or customers, we want them to drink our Kool-Aid. It’s important though, to realize that it is Kool-Aid and not to drink it ourselves.

So I realized by developing my plan that the type of customers that most purchased my offerings were multinational. That meant that I also needed to be a multinational. How a one woman company becomes a global business can be resumed by one word. The internet.

I built the company’s web site and it was available in both English and French. I spent days studying the web sites of companies like Arthur Andersen, PwC and CapGemini and mimicked the look and feel. The site wasn’t very nice but in those days, neither were my competitors’.

I couldn’t yet afford an office but I did get a virtual business address I could use on the web site and on a business card. I didn’t include a title on the card. I wanted the flexibility of being the CEO when I wanted or just one of the engineers if the situation warranted. I might have been a one person business but I presented myself as a global corporation.

Armed with by new business cards, my new web site, I spent a couple thousand dollars going to an industry conference. During that conference, I landed my first customer. A multinational. Of course, they had no idea that I was a one-woman machine. And they didn’t need to. They needed some technical advice that I knew I could provide.

Lesson Three: Fake it ‘till you make it but never sell more than you can’t deliver.

I used all of the revenue generated from that client and invested it in my business. I rented an actual office, hired a part time assistant. I never used any of those funds to pay myself. In fact, I was homeless and couch-surfed for two years before I finally got my own place. In the 17 years I have been in business, I have always paid myself last and have never had the highest salary in the company.

But couch-surfing wasn’t just about saving money; because I didn’t have a home, I could focus entirely on my business. I wouldn’t leave the office until at least 2:00 AM. There were absolutely no distractions; there was absolutely no comfort.

Lesson Four: Comfort is your enemy. Be prepared to make huge sacrifices.

As I mentioned before, even though I was a tiny business, I was global from day one. Every single tool I purchased to run my business had to work from anywhere. In a world where the word “cloud” still defined something you could look up to in the sky, I only bought software accessible over the internet. We were one of’s early customers.

Also, each individual I hired, from my assistant to my technical and executive team, had to have worked or lived overseas and speak at least two languages. So where my like sized competitors were focusing on the small local customer, I had my eyes on the more lucrative global market. And because everything was designed to be global from the very first day, I didn’t have to pivot years later and develop a global strategy, change systems and staff. Global in one location with four employees is actually the same structure as global in ten locations with hundreds of employees. Global is a way of thinking.

Lesson Five: Design your business structure to address the largest market you can, not your current state.

There were several aspects to our business model which were unusual at the time and helped us sign some very large deals within our first few years in business. One of them was that I personally hated bureaucracy. I still do. I have an intense dislike for paperwork and administrative procedures. What I came to realize was that so did many of my customers. When a bureaucratic multinational company is faced with a bureaucratic multinational supplier, the purchasing process and the delivery of services becomes complex and bogged down.

So I tried to simplify the process. I basically productized services. So rather than sell so many man/hours or man/days with different rates for different people, I created packages that customers could choose from. For instance, support contracts had traditionally been per “seat” or per person on the contract. We proposed three different levels of a support product that never specified who, or how many would provide them. Not only did this greatly simplify the purchasing and delivery process but it also allowed us to scale. Since we weren’t paid by number of consultants, we could build efficiencies to reduce labor costs on customers and spread our resources across multiple contracts. In the US in 2000, this was innovative.

Lesson Six: If the product or service you are providing isn’t innovative, your delivery of it can be.

Of course, I couldn’t have done any of this without a fantastic team. I sought out the very best minds in the industry and sometimes courted them for months before they would come on board. As often as possible, I tried to find the brightest in the African community. Congo, Nigeria, Cote d’Ivoire, Central African Republic, Sudan, Cameroon, and more were all represented at AppsTech.

This in addition to China, Korea, India, France and the UK. Most of them were much smarter than I was. Although some were obviously intelligent, they didn’t necessarily have specific industry experience. One of my very best hires for example, was a political science major with absolutely no Oracle and little IT experience. But I loved the way he carried himself.

I hired him on the spot. As a Client Relationship Manager, his ability to navigate difficult personalities was key. Another guy had a degree in veterinary science. He too had no Oracle experience. But he spoke five languages fluently including Russian and Spanish. If he could learn foreign languages so easily, surely “speaking” SQL wouldn’t be a stretch. He went on to get multiple Oracle certifications and was one of the very best members of our technical team.

Lesson Seven: Hire the very best or train the very brightest

Within four years, AppsTech had seven offices across three continents and customers in over 50 countries. We had generated tens of millions of dollars in revenue. By the time our model caught on, we already had established ourselves as the market leader. We had weathered the tech bubble and had seen many of our competitors, even some a hundred times our size, disappear. Profiles in the Wall Street Journal, The Washington Post, Computer World, Fortune Magazine and many others.

The epitome of success. We were unstoppable. Or maybe we weren’t…. But that’s for another post.
Source: Rebecca Enonchong Online

Health and Fitness Entrepreneur Christine Olivo Presents: Dance Fit Pro Studio []

Health and Fitness Entrepreneur Christine Olivo Presents Dance Fit Pro Studios in North Miami Florida. Featured at RJO Ventures, Inc. (#RJOVenturesInc) & RMNOnline Fashion Group (#RMNOnline) Respectively.

#DanceFitPro is a company that has designed multiple dance fitness programs for all your cardio workout needs. We have many different styles for your workout experience and we are creating more to come.
-Christine Olivo

Many existing gyms and studios struggle with building a successful group exercise program. Allow us to partner with your gym! We bring our programs to your facilities so that you don't have to struggle anymore. We can certify your current instructors or we can provide DanceFitPro certified instructors as well.

Source: Dance Fit Pro

  • Dance Cardio
  • Weight Loss
  • Strength Training
  • and More!

Follow Dance Fit Pro on Social Media with the Hashtag #DanceFitPro

Dia Simms - President of Combs Wine & Spirits []

Dia Simms - President of Combs Wine & Spirits, featured at RJO Ventures, Inc. #RJOVenturesInc (For Promotional Use Only)

D’Angela (Dia) Simms is a corporate executive, entrepreneur, philanthropist and public speaker, whose professional journey began uniquely with her work at the Department of Defense. With positions in advertising sales and the pharmaceutical industry following, Dia Simms’ career path took an unconventional digression when she was solicited to work with music and business mogul Sean John Combs.
Source: Dia Simms

"I would tell anyone in any organization; Proctor & Gamble, Nabisco, if I went to go run the government of Croatia, that I’m going to work three times harder than anyone else. I’m not scared of hard work; that’s one thing I’m not scared of. And I would encourage a lot of people to consider how far hard work can get you." - Dia Simms

CÎROC® Combs Wine & Spirits is an expert in delivering unique product propositions and over-serving the consumer by delivering excellence in liquid and superior packaging.

Combs Wine & Spirits fosters product messaging that highlights social responsibility and is built upon an “Idea-First” environment wherein great ideas are given room to flourish and be translated into product solutions. Combs Wine & Spirits was founded in 2013 by Sean Combs.

DELEÓN® Tequila is made from the finest 100% Highland Blue Weber agave sourced from the rich earth of the Los Altos region of Jalisco. Hand-selected at harvest for high quality and peak ripeness, our plants yield the sweetest piñas, giving the tequila its abundant character and balance. 

Slow roasting of the agave in traditional brick and clay ovens, combined with slow fermentation, under the precise guidance of our master distiller contribute enriched depth and complexity to the agave’s natural sweetness, creating a remarkably nuanced character. DELEÓN® Tequila achieves this astonishing depth of flavor in just two distillations – allowing the tequila to retain the unique character acquired during the fermentation process.
Source: Combs Wine & Spirits
Combs Wine & Spirits is headquartered in New York, NY.

With your iPhone 7, Stream/Download Richard John's 'Video Game Music' on Apple Music []

With your new iPhone 7, you can stream and download 'Video Game Music' and all the other 'Mobile Game & App Music' albums on Apple Music by Richard John and Rymatica. Featured at RJO Ventures, Inc. 

Album: Video Game Music (In Stores Now)
Genre: #Soundtrack, #Instrumental
Producer: Richard John (#richardjohn786)
Label: #Rymatica Entertainment (
Publishing: R John Publishing (ASCAP), Rymatica Music Publishing (ASCAP), Rymatica Sounds Publishing (SESAC)

All Rights Reserved.

Contact: Richard John P.O. Box 640337 Miami, Florida 33164 786-354-1770

Download link #1: 

Download link #2:

Download link #3:

China's Cheetah Mobile - Multi-Billion Dollar Tech Co. []

China's Cheetah Mobile, the Multi-Billion Dollar Tech Company. Featured at RJO Ventures, Inc. [#RJOVenturesInc]

Chinese app developer Cheetah Mobile (NYSE: CMCM) is dominating the mobile app space worldwide. Their services apps makes our smartphone experience safer and faster. Cheetah Mobile's Clean Master helps to improve device performance; CM Security protects your phone with anti-virus software and privacy and Battery Doctor optimizes your phone battery life.

Established in 2010 under the guidance of Fu Sheng, Cheetah Mobile has grown exponentially from a ten-person startup, to a $2.7 billion market cap NYSE company. Kingsoft, is a major shareholder in the company. A good investor to have, since Lei Jun who was a former CEO of Kingsoft, runs China’s leading Android smartphone maker Xiaomi.

Outside of gaming, the company is the number two top publisher worldwide for Google Play downloads, just behind Facebook and has surpassed Google. CM Security ranks first and Clean Master ranks 3rd in the Google Play Tools category. With a massive user base of 500 million monthly active users worldwide, there's no question many people rely on the tech company.

When Cheetah Mobile originally started, the bulk of its users were using its free PC anti-virus software in China. But by Q2 in 2015, 67% of revenue comes from mobile and 50% from outside China, representing a shift to going more mobile and definitely global.

Source: Forbes

Jayanta Jenkins Named to Top Creative Post at Twitter []

Jayanta Jenkins Named to Top Creative Post at Twitter. Featured at RJO Ventures, Inc. For Promotional Use Only.

His previous positions held were at Beats, Nike and Gatorade.   Twitter has named the advertisement industry veteran its global group creative director, Twitter's highest creative role. Jayanta Jenkins most recently served as global creative director of advertising at Apple/Beats by Dre. 

He will oversee Twitter's in-house creative team, reporting to VP-Global Brand Strategy Joel Lunenfeld. 

"It's an extremely exciting opportunity to go from a successful advertising career into a new type of leadership role," Mr. Jenkins told Ad Age. "For me, this was exclusively about challenging myself and looking to do something that completely disrupted my approach and what people look at me as having done." 

Source: Ad Age

Sean “Puff Daddy” Combs Officially Opened Capital Prep Harlem Charter School []

Sean "Puff Daddy" Combs officially opened Capital Prep Harlem Charter School (#capitalprepharlem) on August 29, 2016 in New York City. Featured at RJO Ventures, Inc.

The Harlem native, approached Capital Preparatory Schools in 2011 with the idea of opening a school in his hometown. Over the next five years, Mr. Combs worked with the founder of Capital Prep, Dr. Steve Perry, “to build community support and enlist a team of educators, parents and business leaders to bring the idea to fruition.”

“Creating this school is a dream come true for me,” Combs said in a release. “I want to impact the lives of young people in my community and build future leaders. The first step is offering access to a quality education.”

Kobe Bryant opens $100 million venture capital tech fund with Jeff Stibel []

Kobe Bryant opens $100 million venture capital tech fund with Jeff Stibel. Featured at RJO Ventures, Inc. 

"This is one of my passions," Bryant said on CNBC after he rang the opening bell Monday on the New York Stock Exchange. "We are one gear, 100 percent laser-focused, and here we go."

Kobe announced on Monday that he's partnering up with former president Jeff Stibel to start a $100 million investment fund. The name of the company is "Bryant Stibel" and will focus on technology, media and data. It has already invested in thirteen companies, including The Players' Tribune, LegalZoom and a video game design company called Scopely.

Christine Souffrant, Haitian-American Entrepreneur on TEDxUOWD []

Christine Souffrant, Haitian-American Entrepreneur on TEDxUOWD. Featured at RJO Ventures, Inc.

Haitian American entrepreneur Christine Souffrant discusses how you can change your own reality by ‘following your patterns’ – the natural talents that you are born with that transcend through industries and skills. 

A globally recognized speaker, Christine Souffrant is a Haitian American entrepreneur with 7 years of business management experience across 30+countries. As the founder of Vendedy (a mobile network connecting global travelers to street vendors of developing countries), she has been featured with IBM, Microsoft, Fast Company, Manatt Ventures etc. 

This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at

Source: TEDx Talks YouTube

Verizon acquires Yahoo! for $4.8 billion []

Verizon acquires Yahoo! for $4.8 billion. Featured @ RJO Ventures, Inc. 
For Informational Use Only

Yahoo is poised to sell its core internet business to Verizon Communications for $4.8 billion. In acquiring Yahoo, which it will merge with its AOL operation, Verizon beat out rival bidders including Dan Gilbert, founder of Quicken Loans, whose bid had been backed by billionaire Warren Buffett. 

The New York-based communications conglomerate won’t be buying Yahoo’s 3,000 technology patents, which could be worth more than $1 billion and are being auctioned off in a separate process, sources said. Nor is Verizon buying Yahoo’s stake in Yahoo Japan or its equity chunk of China-based Alibaba. 

Headed by former Google exec Tim Armstrong, AOL is likewise aiming for Yahoo’s advertising tech tools, as well as its search engine and e-mail service. Armstrong, who had tried and failed to convince Marissa Mayer to buy AOL in 2014 before selling to Verizon, will create the third-largest internet advertiser with the Yahoo deal — albeit far behind Google and Facebook, which together control more than half of the online advertising market, according to eMarketer. AOL and Yahoo account for just 3.4 percent and 1.8 percent, respectively, of the $69 billion niche, eMarketer said.

Source: New York Post

Windows 10 Anniversary Update Set for August 2016 []

Windows 10 Anniversary Update Set for August 2016. Featured at RJO Ventures, Inc. ( Informational Use Only.

Microsoft announced that it will mark the one-year anniversary of Windows 10 with a major update to the software, powering more than 350 million computing devices.

“The Anniversary Update will help people be more productive, stay safer online and, of course, have fun,” Windows and Devices Group corporate vice president Yusuf Mehdi said in a blog post.

The Windows 10 update set for release on August 2 promised improved security and enhanced capabilities for the Microsoft Edge browser.

Better security. According to Microsoft, there are 250 million online threats posed on any given day. While Microsoft will tell you that Windows 10 is already the most secure version of Windows ever, the company is beefing up security in the update just the same.

Advanced Inking features. Though you’ll need hardware that supports the use of a digital stylus, the Anniversary edition of Windows is said to improve the experience of writing with such a digital instrument. The so-called Windows Ink workspace is a canvas for everything ink-related.  Digital ink features include sticky notes, a whiteboard doodling area and a quick link to the Windows Store for ink-powered apps, several from third-party developers.

A smarter Cortana.

A more power-efficient Edge browser. Microsoft claims that Edge will consume less power. You’ll also be able to personalize the browser with “extensions” such as Pinterst’s “Pin It Button” and Amazon Assistant. These and others will be available in the Windows Store.

Gaming. According to Microsoft, 9 billion hours have been devoted to gameplay on Windows 10 devices. With the Anniversary update and the Xbox Play Anywhere program, you can buy a game one time and then freely play it on your Windows 10 PC and Xbox One, sharing saved games and achievements across the devices. On Xbox One, you’ll be able to summon Cortana help you find new games, see what pals are doing, and turn on your console with a “Hey Cortana, Xbox On” command. Meantime as part of a promotion that started Wednesday and runs through Aug. 14, students can save $300 when they purchase an Xbox One and Microsoft Surface at Microsoft Stores.

Education. Microsoft says more than 90% of schools in the U.S. use shared devices, and nearly half of all teachers serve as their own tech support in the classroom. A new “Set up School PCs” app for Windows 10 aims to simplify the process for educators.

Google-Backed Undersea Cable Between US and Japan Goes Online []

Google-Backed Undersea Cable Between US and Japan Goes Online. Featured at RJO Ventures, Inc. ( for Informational Use Only 

Google started making investments in a number of undersea cables back in 2008, but one of its largest investments was the $300 million it invested in the FASTER cable between Japan and the U.S. West Coast. Back in 2014, Google announced that it was joining a consortium of six companies, including NEC, China Mobile, China Telecom, Global Transit and KDDI, to better connect the two countries. As the company announced today, this cable is going online tonight.

The 9,000km six-fiber pair cable can deliver up to 60 Terabits per second (Tbps) of bandwidth — or as Google’s SVP of Technical Infrastructure Urs Holzle puts it, that’s “about 10 million times faster than your cable modem.”

The cable will give Google dedicated access to 10 Tbps per second over its own pair of cables that will connect Chikura and Shima in Japan to Bandon, Oregon (putting it relatively close to the company’s The Dalles data center in the state).

It’s worth noting that Google also plans to launch its Google Cloud Platform East Asia region in Tokyo later this year and the company notes that having this dedicated bandwidth for its operations will result “in faster data transfers and reduced latency as GCP customers deliver their applications and information to customers around the globe.”

While the focus of Google’s announcement is mostly on the connection between the U.S. and Japan, it’s worth noting that the FASTER network will also connect Japan and Taiwan over two fiber pairs that will offer an initial capacity of 20 Tbps. This extension between Taiwan and the two landing sites in Japan is 100 percent owned by Google (through its wholly owned Google Cable Bermuda subsidiary).

Google continues to make other undersea cable investments, too. To better connect the U.S. East Coast and Europe, for example, the company recently announced a partnership with Facebook to build the fastest trans-Atlantic undersea cable yet, with a capacity of 160 Tbps.

Source: Frederic Lardinois at TechCrunch 

The Power of Broke by Daymond John []

The Power of Broke by Daymond John. Featured at RJO Ventures, Inc. This bestseller book is filled with inspiration, motivation and great insight for small business owners and entrepreneurs on all levels.

'The Power Of Broke' Interview Series: Steve Aoki

'The Power Of Broke' Interview Series: Jay Abraham

'The Power Of Broke' Interview Series: Acacia Brinley

'The Power Of Broke' Interview Series: Kevin Plank (Under Armour)

Johnson Publishing sells Ebony & Jet magazines to Texas firm []

Johnson Publishing sells Ebony & Jet magazines to Texas firm Clear View Group. Featured @ RJO Ventures, Inc.

The company said Tuesday it has sold Ebony, its iconic African-American lifestyle magazine, and the now digital-only Jet magazine to Clear View Group, an Austin, Texas-based private equity firm, for an undisclosed amount.

Johnson Publishing will retain its Fashion Fair Cosmetics business and its historic Ebony photo archives, which remains up for sale. The deal, which closed in May, also included the assumption of debt.

A family-owned business throughout its history, Ebony has documented the African-American experience since it first hit newsstands in 1945. It has shaped culture ever since, coming into its own as it reported from the front lines of the civil rights movement during the 1960s in powerful photos and prose.

Linda Johnson Rice, chairman of Johnson Publishing and daughter of founder John Johnson, will serve as chairman emeritus on the board of the new company.

"This is the next chapter in retaining the legacy that my father, John H. Johnson, built to ensure the celebration of African-Americans," she said in a statement Tuesday.

The new publishing entity, Ebony Media Operations, will maintain the magazine's Chicago headquarters and its New York editorial office, as well as much of the current staff, according to Michael Gibson, co-founder and chairman of African-American-owned Clear View Group.

"When we make an investment, that's what we look for — a strong team that can actually run the company," Gibson said. "We're not managers or experts by any stretch of imagination in the media business. What we bring to the table is very strong networking and the ability to raise financing and the ability to establish a vision for the company."

"There's a lot of good reasons to keep the print," Gibson said. "That will always be our anchor. We want to grow the digital platform more consistently with both Ebony and Jet."