Vibe magazine will cease publication, according to a report on the AOL-owned site Daily Finance.
Founded in 1993 by Quincy Jones and Time Warner, Vibe has been a general interest music magazine that covered politics and current events as well as hip-hop and soul. Called by some -- well, Wikipedia -- "the black Rolling Stone," Vibe was bought by the Wicks Group in 2006. Its circulation, reported to advertisers at 818,000 earlier late last year, had fallen to 600,000, the New York Times reports.
Although the magazine had already implemented cost-cutting measures, including layoffs and a four-day work week, staff today were told that its run was over. Editor Danyel Smith sent this sad note to Gawker: