Magic Johnson invests in Vibe, Soul Train

By Associated Press
Posted Feb. 9 at 1:00 p.m.

Magic Johnson, who last year passed on a deal to buy Ebony and Jet magazines, will become chairman of Vibe Holdings, the owner of the magazines Vibe and Uptown and the Soul Train TV show.

The former Los Angeles Lakers superstar will take on the role as part of a new investment by Magic Johnson Enterprises and Ron Burkle’s The Yucaipa Cos. in Vibe Holdings, joining its existing owner, InterMedia Partners.

Johnson said Wednesday that his company aims to serve the underserved urban market and work with advertisers seeking to reach it.

Terms of the deal were not disclosed.

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  1. Classie Knauf Feb. 14 at 11:35 a.m.

    I visited a lot of website but I think this one has got something extra in it in it

  2. LemonMeister Feb. 18 at 1:56 a.m.

    If it has Ron Burkle invested in it it must be a LEMON? Just Google KB Home Sucks, one of Burkles’ finest.