SpinMedia has bought Vibe in a deal that could prove to be the end of the print edition of the famed hip-hop culture magazine.Vibe magazine was founded in 1993 by legendary producer Quincy Jones. The company has changed hands several times and like many publications, has turned its focus to its online business as the popularity of print products has faded among consumers.Under the terms of the deal, digital media company SpinMedia will acquire Vibe.com, Vibevixen.com and the print rights to Vibe magazine. Financial terms were not disclosed.SpinMedia, previously known as Buzzmedia, owns a number of pop culture brands such as SPIN, Celebuzz, The Frisky and Buzznet. The company did not say in a news release if it would close Vibe's print publication, but indicated its focus would be on building Vibe's digital business.A representative for SpinMedia could not be reached immediately for comment Thursday.Vibe could follow the path of another landmark music magazine, SPIN, which Buzzmedia acquired last year and subsequently halted print production, opting instead for an online-only presence.Vibe Media CEO Ari Horowitz said in a statement that the company made huge strides developing Vibe as a digital and mobile property over the past year, having doubled its online traffic."Joining with SpinMedia will enable Vibe to continue to evolve and grow as a vibrant digital media brand," he said.Vibe was shut down abruptly in 2009 due to drop in advertising revenue that has killed many... Continue reading at 'Crains New York'
[ Crains New York | 2013-04-26 00:00:00 UTC ]
The sale to Buzzmedia, a portfolio of music and celebrity Web sites, calls into question Spin's future as a print publication. Continue reading at The New York Times
[ The New York Times | 2012-07-10 00:00:00 UTC ]
More news stories like this
For the 12th consecutive quarter in a row, The Atlantic is reporting gains in print and online revenue. In third quarter 2011, overall advertising revenue is up 19 percent, with digital ad revenue soaring 41 percent and print up 3 percent over the third quarter of 2010. Continue reading at Folio Magazine
[ Folio Magazine | 2011-10-24 00:00:00 UTC ]
More news stories like this
Written By: Graeme Neill Publication Date: Mon, 04/07/2011 - 08:33 Pearson Australia is taking over the online business of collapsed Australian bookseller REDgroup, which includes the Borders and Angus & Robertson sites. The publisher said it wanted to maintain "continuity for the... Continue reading at The Bookseller
[ The Bookseller | 2011-07-04 00:00:00 UTC ]
More news stories like this
Company says national print advertising revenue down 11 percentGannett Co. is cutting 2 percent of its workforce, or 700 employees, at its U.S. Community Publishing division as the company struggles to turn the corner on a deep downturn in advertising revenue. Continue reading at Baltimore Sun
[ Baltimore Sun | 2011-06-22 00:00:00 UTC ]
More news stories like this
Mobile app downloads will increase 117 percent to 17.7 billion worldwide while mobile application store revenue will grow to more than $15.1 billion in 2011, a 190 percent increase, according to Gartner Inc. In 2010, app stores generated an estimated $5.2 billion from both download sales and... Continue reading at Folio Magazine
[ Folio Magazine | 2011-01-28 00:00:00 UTC ]
More news stories like this