Magic Johnson Gets His Media Vibe On
It’s turning out to be a big week for sweeping, personality-driven LA media moves. Just a few days after Arianna Huffington announced the sale of The Huffington Post to AOL, former Lakers great Magic Johnson has partnered with Ron Burkle to invest in Vibe Holdings LLC, the parent company of Vibe Magazine, Vibe.com and the TV show Soul Train.
Bloomberg was first yesterday with the unconfirmed news, made official this morning via the Wall Street Journal.
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