22-year-old hip hop and R&B publication VIBE magazine has been sold again. SpinMedia, the overseer of several music websites, bought the rights to VIBE's web presence as well as its print material.
SpinMedia was formerly known as Buzz Media, but changed its name after buying Spin magazine last year. The print version of Spin was shut down, though the website is still up and running. Now, the same will likely happen to VIBE.
Source: hiphopwired.com
