Vibe No More
Vibe, the R&B-focused magazine launched by Quincy Jones and Time Warner in 1992, has folded, the latest in a string of music magazines to go belly up.
Staff was to be notified they were being laid off June 30, spokeswoman Tracy Wen told the New York Times. The closure leaves The Source as the last large-circulation magazine focusing on urban music genres, and it has problems of its own.
Jones and TW sold Vibe to private equity firm The Wicks Group in 2006. The magazine reported circulation of 818,000 in the second half of last year, according to the Times.
While the circulation was respectable, the implosion of the advertising sector apparently proved a fatal blow.