SpinMedia Buys Vibe, but With ‘No Plans’ for Print Edition
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Online publisher SpinMedia has acquired Vibe magazine with plans to operate it as a digital property and without the print edition, the company said today. Terms were not disclosed.
The deal, first reported by All Things D, brings Vibe and Spin back together, in website form at least. Spin magazine and Vibe magazine both once belonged to Vibe/Spin Media until a series of ownership changes that delivered Spin to BuzzMedia last year. BuzzMedia, which owns or sells ads for sites including Stereogum and Idolator, shuttered Spin’s print edition and later changed the company’s name to SpinMedia.
Vibe was founded in 1992 by Time Warner and Quincy Jones. Time Inc. sold Vibe in 1996; the buyers sold Vibe again 10 years later. It went out of print in 2009, but returned within months under yet another set of owners, investors led by InterMedia Partners. Last summer the magazine said it would embrace electronic dance music along with its usual hip-hop and pop culture coverage.
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