VIBE - the magazine - officially ceases to exist.
The long-standing magazine will now completely shift its efforts to the intent and no print version will be published anymore. Additionally, 19 people were laid off in a "reduction of force," according to Capital New York.
The company continues to employ over 100 people. VIBE was purchased by Spin Media in 2013 and quickly moved from a monthly mag to a quarterly publication.
The brand will focus on their online property according to Spin Media Group C.E.O. Stephen Blackwell. 'When I look at what was going on here prior to my tenure, I think that some of the resources...if we're directing resources toward print, that intrinsically means that we're directing resources away from digital. I'm here to commit to directing all of our resources toward the digital side of Vibe,' he said.
VIBE Magazine was founded in 1993 by the legendary Quincy Jones. Treach (of Naughty By Nature) was on the very first cover.
News source courtesy of AllHipHop.com!!!