Essence of a break up. (Business News).

Black Enterprise | September 1, 2002| | Copyright

WHEN ED LEWIS AND CLARENCE SMITH CUT A DEAL WITH AOL TIME WARNER TWO YEARS AGO, THEY WERE OFFERED THE PROMISE OF FRESH CAPITAL AND NEW MARKETS FOR THE LEADING BLACK WOMEN'S MAGAZINE. LITTLE DID THEY KNOW IT WOULD MEAN THE SPLIT OF A 32-YEAR-OLD BUSINESS PARTNERSHIP AND A FIGHT FOR THE SOUL OF AN INSTITUTION.

SCORCHED BY THE SUMMER HEAT, HUNDREDS OF THOUSANDS OF AFRICAN AMERICANS POUR into New Orleans. For them, it is part of an annual Independence Day ritual in which they, engage in three days of music, culture, and camaraderie. The event: the Essence Music Festival. ...

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