Vibe magazine, which unceremoniously went out of business (read: shut down without telling anyone) last June, has been purchased and will return later this year as a quarterly, according to the Wall Street Journal.
The new owner is Uptown Media, which also owns Soul Train.
"Uptown executives say the relaunch is a return to Vibe's original ambitions after having recently narrowed its focus to hip-hop music. The magazine and Web site now will cover a wider spectrum of musical genres and entertainers, including athletes," said Brett Wright, Uptown's co-founder and chief creative officer.
While no financial information was revealed, we wonder what Uptown plans to do about the class action lawsuit brought by a former subscriber?
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