Vibe, the hip-hop magazine that folded six weeks ago under a pile of debt, is being resurrected as a Web-focused publication with a greater emphasis on Vibe's roots.
A group led by
the private-equity firm InterMedia Partners and InterMedia's luxury magazine publisher, Uptown Media, is acquiring Vibe and its Web site. The new owners say they will relaunch Vibe.com in the next
few weeks and bring back the print magazine at the end of the year. The print version is also likely to be a quarterly, rather than a monthly.
Read the whole story at The Wall Street Journal »