After a few weeks of speculation and rumors, Spin Media was acquired today by Buzzmedia, a rapidly growing collection of celebrity and music websites.
The deal adds a legacy property to Buzzmedia's list of popular—but young—music sites like Idolator and Stereogum, as well as a series of celebrity-oriented sites like Just Jared and Celebuzz. For Spin, a fresh digital strategy may save the revered music brand.
While Buzzmedia has plans to continue to push and develop Spin's digital side, the future of Spin's iconic print edition is still up in the air.
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