Here’s an entry from our very own Reuters New York equities team summer intern Chavon Sutton. (Thanks, Chavon!)
Did Vibe magazine, the print ambassador of hip-hop culture, voice and style, pass up a chance to survive last year?
Vibe, the baby of acclaimed producer Quincy Jones (the composer who produced the late Michael Jackson’s mega-hit albums, “Thriller” and “Off the Wall,”), said earlier this week that it was shutting down immediately.
A partnership with an online gossip website serving African-American readers, might have given it room to keep producing, according to the site’s founder and editor.
Fred Mwangaguhunga, who runs Mediatakeout.com, told us that in the year before Vibe’s collapse, it offered the magazine a revenue-share deal, but Vibe refused.
