Vibe Magazine Bites the Dust

Vibe Magazine announced to their staff this afternoon they would be closing their doors immediately after 16 years. Editor in Chief, Danyel Smith said they received the news as they were editing the Michael Jackson tribute issue. Chief Executive Steve Aaron said in a memo, the company was unsuccessful in pulling in new investors and when the print advertising collapsed, Vibe also took a big hit with key ad categories like automotive and fashion going out of business or have stopped advertising.
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