Updated: Vibe Magazine Folds
Vibe, a staple of music journalism since 1993 and one of the most influential publications aimed at African-American readers, has folded.
The entire Vibe Media Group is shutting down effective Tuesday, according to a memo from CEO Steve Aaron. The staff had been in the process of editing a tribute issue of the magazine commemorating Michael Jackson.
The company was unable to secure financial backing, or to restructure a “huge debt,” Aaron wrote. Declines in the music industry and in advertising worked against the business.
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