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Retired NBA star Earvin “Magic” Johnson said an affiliate of his company held “advanced discussions” to buy Johnson Publishing Co., the closely held owner of Ebony and Jet, and was unable to reach an agreement.
Johnson, 50, said he remains interested in African-American media, without disclosing whether he is looking at other properties, according to a statement.
Tammy Warren, a spokeswoman for Johnson, wasn’t available for further comment.
