Vibe magazine has become another victim of the recession. The urban-music magazine, which was founded by Quincy Jones in 1993,Â is shuttingÂ down.
The last Vibe to hit stands was the June/July 2009 issue with Eminem on the cover.
Danyel Smith, Vibe's editor-in-chief, released this statement on Tuesday:
"On behalf the Vibe content staff (the best in this business), it is with great sadness, and with heads held high, that we leave the building today. We were assigning and editing a Michael Jackson tribute issue when we got the news. It's a tragic week in overall, but as the doors of Vibe Media Group close, on the eve of the magazine's sixteenth anniversary, it's a sad day for music, for hip hop in particular, and for the millions of readers and users who have loved and who continue to love the Vibe brand. We thank you, we have served you with joy, pride and excellence, and we will miss you."