Vibe Magazine has folded. According to insiders, this is the last cover for the magazine but it will never make it to print. Vibe CEO Steve Aaron, issued an official statement saying in part:
It is with a heavy heart that I share some tough news, VMG is closing down effective today, June 30th...Unfortunately, over the last several months, a confluence of events has obviously posed VMG to exceedingly serious challenges. * The collapse of the capital markets has impacted us greatly...The print advertising collapse hit VIBE hard...the continuing decline of the music industry...The relentless economic situation has depressed our growth initiatives on the digital front...
With great affection and respect
–Steve Aaronformer CEO of VIBE Media Group
On behalf the VIBE CONTENT staff (the best in this business), it is with
great sadness, and with heads held high, that we leave the building today. We
were assigning and editing a Michael Jackson tribute issue when we got the news.
It’s a tragic week in overall, but as the doors of VIBE Media Group close, on
the eve of the magazine’s sixteenth anniversary, it’s a sad day for music, for
hip hop in particular, and for the millions of readers and users who have loved
and who continue to love the VIBE brand. We thank you, we have served you with
joy, pride and excellence, and we will miss you. —Danyel Smith
I just fired myself.
ReplyDeleteRegards,
D. Smith
Damn, they just got told to leave the building while they were working on an issue? It was that bad?
ReplyDeleteI think this cover is too provocative. It isn't sexy and coy like Janet's cover with Rene. It's just trashy.
ReplyDelete