The company was founded in January 2003 by a consortium of Chicago and Detroit business leaders to take over the assets of Sengstacke Enterprises Inc., the longtime owner of five of the papers.
History
Sengstacke Enterprises
Robert Sengstacke Abbott founded the Chicago Defender in 1905, billing it the "World's Greatest Weekly". The Defender served the growing African-American community of Chicago, which was often ignored by the mainstream newspapers of the day. Sengstacke also used the Defender as a means to grow the community, writing stories about Northern city life that enticed African-American residents of the Southern United States to move to Chicago, a phenomenon that came to be known as the Great Migration. Like other giants of the contemporary black press, the Defender enjoyed substantial circulation across the nation.[1]
Abbott's nephew John H. Sengstacke, who became publisher in 1940, was a founder of the National Negro Publishers Association, later renamed the National Newspaper Publishers Association (NNPA), which now has 200 member black newspapers.
On February 6, 1956, the Defender became a daily newspaper and changed its name to the Chicago Daily Defender, the nation's second black daily newspaper (after the Atlanta Daily World, founded in 1928). It published as a daily until 2003, when new owners converted the Defender back to a weekly.
This chain became known as Sengstacke Enterprises Inc., or SEI. Following Sengstacke's death in 1997, SEI was held in a family trust until 2003, when it was sold for nearly $12 million to Real Times, a group of investors with several business and family ties to Sengstacke.[4]
Amid the uncertainty over the SEI papers' futures—Sengstacke had left instructions that the papers were to be sold upon his death, but the search for the right buyer took six years—longtime Michigan Chronicle publisher Sam Logan left the paper in 2000 and in May of that year formed a competing weekly, The Michigan FrontPage.[5] Logan was one of the investors in Real Times, and the company continued to publish FrontPage alongside the four Sengstacke titles.
In 2012, the Atlanta Daily World – which, despite its name, is now published weekly – merged with Real Times; its publisher said the sale would give the World more multimedia resources, calling it "truly a new beginning for the paper."[6]
The company also owns RTM Digital Studios, a videography company, and a large archive of newspaper clippings, artifacts and photographs connected with African-American history.
In 2009, Real Times purchased Who's Who Publishing Company of Columbus, Ohio, which publishes biographical and networking guides for and about African American businesspeople in 25 cities across the country.[10]
^DeSantis, Alan (1998). "Selling the American Dream Myth to Black Southerners: The Chicago Defender and the Great Migration of 1915-1919". Western Journal of Communication. 62 (4): 474–511. doi:10.1080/10570319809374621.
^Keating, Patrick (October 6, 2010). "Chronicle to Clock 75". Michigan Chronicle. Retrieved May 3, 2012.
^"Contact Us." (Archive) Real Times Media. Retrieved on December 11, 2013. "Real Times Media 479 Ledyard Detroit, MI 48201"
^"Home." (Archive) Real Times Media. June 17, 2007. Retrieved on December 11, 2013. "Headquarters: The Globe Building • 407 E. Fort Street • Suite 410 • Detroit, MI • 48226 "
^"Home." (Archive) Real Times Media. December 3, 2007. Retrieved on December 11, 2013. "Headquarters: The Buhl Building • 535 Griswold Street • Suite 1300 • Detroit, MI • 48226 "
