Spin Media Buys Vibe, Plans To End Print Edition

Law360, New York (April 25, 2013, 4:47 PM EDT) -- Pop culture media group Spin Media LLC has acquired the iconic Vibe magazine from a group led by private equity firms InterMedia Partners LP and The Yucaipa Cos. LLC, and plans to shut down Vibe’s print operations, Spin Media CEO Steve Hansen confirmed Thursday.

Hansen said the company plans to shutter Vibe’s print operations after 20 years and focus on the hip-hop and R&B magazine’s website. Spin Media, which recently made a similar move with its flagship Spin Magazine, also plans to lay off some of...
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