Time Inc. is losing one of its most-lucrative properties in Essence. YourTango's Rebecca Stokes joins Cheddar to discuss the significance of SheaMoisture founder Richelieu Dennis' big acquisition. The editor explains why the media company's return to 100% black ownership is so significant.

Next, we discuss The New York Times' decision to change how it covers red carpets during awards season. The paper's Styles editor announced the changes in a memo, saying it'll send both its culture and style writers to the events. Stokes reveals why she thinks this move has been such a long time coming.

We also discuss Apple choosing to develop a new series about America's true-crime podcast obsession. Octavia Spencer is set to star in the latest original content project from the tech giant. Stokes speaks to how she thinks Apple is differentiating itself from competitors Netflix, Hulu, and Amazon.