Wednesday, July 1, 2009

Bad Vibes: Longstanding Hip-Hop Magazine Shut Down

Every day we hear of another print publication shutting down--declining ad revenue cited as the primary cause. So it was not out of the ordinary to hear that Vibe magazine is ceasing publication immediately after 16 years. But what stopped me cold this time is the fact that Vibe is owned by the same private equity fund that owns us. I'm not drawing conclusions here; I'm just sayin'.

Up to 50 people are losing their jobs. The magazine's original founder, Quincy Jones (who was already having a bad week), is making noises about buying it back and putting it exclusively online.

If I hear anything more, I'll update you in the comments section.

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