Vibe magazine to cease publication

  • Business
  • Wednesday, 01 Jul 2009

NEW YORK: Vibe, the popular hip-hop and urban culture magazine founded by legendary producer Quincy Jones, is shutting down.

Vibe Media Group Chief Financial Officer Angela Zucconi confirmed the closing and said most of the company's 50 or so employees will be laid off.

The closing comes amid a historic decline in ad revenue across all media that has left many categories of magazines struggling.

Among recent casualties have been Portfolio, Conde Nast's high-end business monthly, the style and home decorating magazine Domino, and Blender, another music magazine.

Founded in 1993, Vibe had a paid circulation of roughly 800,000 during the last six months of 2008.

The magazine was acquired by The Wicks Group, a New York private equity firm, in 2006. - AP

Latest business news from AP-Wire

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

US trade deficit jumps to record high in June on strong import growth
AirAsia nets RM240mil from Fly Leasing-Carlyle Aviation merger
Pavilion REIT doubles net profit in Q2 to RM20.4mil
Indonesia exits recession with 7% GDP growth in Q2, but virus clouds recovery
Comfort Gloves facilities in Taiping placed under EMCO�
MR DIY posts robust Q2 results despite Covid-19 curbs�
FBM KLCI closes in positive territory
China stocks fall as Beijing's crackdown fears hit sentiment
Nintendo profit falls as Switch sales fade
AmInvest takes top spots at annual fund management awards

Stories You'll Enjoy