Media Source Inc., the parent company of Library Journal, School Library Journal, The Horn Book and the Junior Library Guild, was sold to RLJ Equity Partners, one of the hedge funds created by Black Entertainment Television founder Robert L. Johnson. 21st Century Group, LLC and New Canaan Funding Mezzanine, LLC also took part in the deal, for which terms were not disclosed. LJ and SLJ had been acquired by Media Source in early 2010; Media Source was in turn previously owned by Riverside Company, which bought them in 2007. Media Source had been on the block for a while, according […]