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When the company shut down Emerge, its longtime editor, George Curry, was vocal in his criticism. Emerge was the only magazine of its kind, offering serious independent black reporting and political analysis. It consistently lost money, and its circulation of 170,000 was small compared to what Vanguarde envisioned for its lifestyle magazines. But during its 10 years, Emerge won more than 40 awards, and Curry became the first black head of the American Society of Magazine Editors.
"We were just at the point where we were about to break even," Curry says. "Look at how long it took The New Yorker to break even, and they won every award in the book."
Vanguarde's acquisition of Honey was equally acrimonious. The idea for Honey came from Kierna Mayo and Joicelyn Dingle, who wanted to make a younger, hipper, more multicultural Essence. The two shopped the concept to several publishers, including Clinkscales, while he was still at Vibe. "We very eagerly had conversations with Keith about the publication," says Mayo. "He was very excited and we were very excited because he was part of the culture. He held on to that plan for many months. He never said yes or no, but he did have concerns about how we survive against Essence."
Hungry to get a title on the stands, Mayo and Dingle finally went with Harris Publications, even though Harris offered no ownership stake. They were hoping to find investors who could help them buy the title back, and were shocked to learn Vanguarde had beaten them to the punch. Mayo and Dingle say they'd stayed in touch with Clinkscales but he never mentioned his intent to buy Honeyuntil the deal was virtually done.
"Keith takes us out to dinner and says, 'Sorry you had to find out about it this way,' " says Mayo. They say that Clinkscales hinted they could get an ownership stake and remain as editors, but that in the end he offered "probationary" positions, minus the titles they'd had under Harris and without ownership. They thought they were being cleverly pushed out. Though they'd created Honey, they never really owned it and thus had to take Clinkscales's offer or leave. They elected to leave.
"They were offered positions right from the beginning," says Clinkscales, disputing the notion that he pushed Mayo and Dingle out. "But they declined them. They wanted more. I think all of those things were possible. But at the beginning of the venture, you can't make promises that you might not be able to fulfill."
Despite having rubbed some folks the wrong way, after acquiring Honey, Vanguarde had positioned itself as the hippest black kid on the publishing block. The company had grown quickly, but the industry as a whole soon began to hemorrhage. Vanguarde started bleeding too.
Vanguarde's defenders note that the company, while unique in its mission, should not be seen as unique in its failure. The magazine business is always rough, but the past three years have seen the demise of flashy titles like Talk and Mademoiselle. In between are other titlesGear and Radar for instancesearching for funds.
Stodghill, the Savoy editor, says it'd be wrong to conclude anything more about Vanguarde than can be concluded about any other magazine that failed recently. "Keith should be thrown in the same group of editorsthe Maer Roshans, the Tina Brownswho couldn't weather the market forces," he says.
Yet certainly, specific missteps helped prevent Vanguarde from reaching its potential. For his part, Clinkscales points to the fact that the company grew a lot faster than expected, which brought more chances to fail. "I got a lot of magazines quickly when I purchased the BET magazines," says Clinkscales. "That increased the execution risk, and we were also running some Internet sites. If I could do it again, I would try to minimize the execution risk. Not just less titles but less of everything."
Because Vanguarde blew up so quickly, its three publications never really established clear voices. Honey attempted to go beyond its core audience and address urban women in general, and ultimately it proved to be the most successful of the three. Heart and Soul was attempting to move beyond its original designation as a black women's health magazine, into the lifestyle field.
Then there was Savoy, a magazine that seemed a natural flagship. The idea was to capture the spirit of the new class of affluent, post-civil-rights African Americans in a way Ebony had failed to do.
But Savoy struggled to establish a distinct voice beyond the notion of addressing upscale black America. Hinds says part of his mandate in coming to Vanguarde was to sharpen the magazine's focus. "As a reader, I think Savoy never had a clear sense of what it was," says Hinds. "I have a friend who called it the old man in the clubyou know, a little past its prime but strenuously trying to be hip. I wanted to take away that element of the magazine trying to be cool, and get it back to pure sexiness."
Even with the bankruptcy in process, Clinkscales isn't willing to concede defeat. On December 18, Vanguarde announced that Triax financial advisers would be assisting the company in its bid to resurrect itself. "The advertising is there, the marketing is there, and there are a lot of investors out there who understand that there's a readership," Clinkscales says. "But anytime something like this happens, you have to find the lessons."