One year after threatening to pull the plug on the print edition of Vibe Magazine [click here if you missed that], Spin Media makes good on its promise…
From The Wrap
The music and entertainment publication will end run after 21 years
SpinMedia Group slashed 19 employees and shuttered its print edition Tuesday, an individual with knowledge of the situation told TheWrap.
The layoffs are the latest blow to the struggling company. Vibe, which first began publication in 1993, was acquired by SpinMedia in April 2013 with initial reports that the magazine would be reduced to online-only, much like the group did with SPIN magazine after acquiring it in 2012.
The decision was then made to keep Vibe in print as a quarterly rather than a bimonthly publication. Those plans have now changed.
