Rumors have been swirling for months about the demise of VIBE magazine:
Vibe magazine, the urban-music magazine founded in 1993 by Quincy Jones, is the latest victim of the media recession. Multiple sources both within and outside the magazine confirmed that it is shutting down.
Reached for comment, chief financial officer Angela Zucconi said, "We will be making a statement by the end of the day. That's all I can say at this point." She referred further questions to CEO Steve Aaron, who was not immediately available. Messages left for editor in chief Danyel Smith and publishers Edgar Hernandez were not immediately returned.