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Wednesday, July 01, 2009
Vibe Magazine Folds
Vibe, a staple of music journalism since 1993 and one of the most influential publications has folded. The company was unable to secure financial backing, or to restructure its debt. Declines in the music industry and in advertising worked against the business. It had been a tough year for Vibe, which faced a steep drop in ad pages and circulation. The magazines circulation base was 600,000 from 800,000. Vibe also had reduced its frequency from monthly to 10 times a year.
VERY DIFFICULT WORLD OUT THERE FOR MAGAZINES. ANY FEEL FOR OTHER MAGAZINES THAT ARE CLOSE TO ALSO SHUTTING DOWN?
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