Vibe magazine folds
Quincy Jones founded publication in 1993Vibe, a staple of music journalism since 1993 and one of the most influential publications aimed at African-American readers, is shutting down.
The magazine's closure was reported by AOL's Daily Finance site. There was no official word from the magazine, but the VibeMagazine Twitter feed sent out a message early Tuesday afternoon saying simply, "Thanks for everything." A woman who answered the phone at Vibe's office said she couldn't comment on the report, but the magazine would release a statement by the end of the day.
It was unknown which issue would be the magazine's last, and whether any of Vibe's affiliated businesses would also close. Vibe is owned by private equity firm Wicks Group of Companies.
Vibe, which was founded in 1993 by Quincy Jones, billed itself as "the definitive voice of urban culture, influencing global music, life, and style."
It has been a tough year for Vibe, which faced a steep drop in ad pages and circulation. Earlier this year, the magazine cut its rate base to 600,000 from 800,000, the second such cut in a year. Vibe also reduced its frequency from monthly to 10 times a year. Employees were put on a four-day work week March 1.
In 2007, Vibe closed Vibe Vixen, a spinoff title aimed at women.
Vibe launched another spinoff title this month called The Most, a tabloid meant to replace the two issues cut from the Vibe publication schedule.