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SpinMedia, a group of music and pop culture Web sites that includes Spin magazine, has bought Vibe, the 21-year-old R&B and hip-hop magazine.

Vibe was founded in 1992 by Quincy Jones and Time Warner, with a focus on hip-hop and R&B music and the culture surrounding it, and it became one of the most influential publications of its kind. It was shut down abruptly in 2009 after advertising revenue plunged, but within months it was bought and revived by private equity investors.

Vibe had an average print circulation of 301,000 for the first six months of 2012, according to the Alliance for Audited Media, and SpinMedia said that each month Vibe’s sites have 1.4 million visitors and serve 1.6 million video streams.

Vibe will stop print publication and be available online only similar to GWOP.

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In the last eight years you’ve come to YouTube to watch, share and fall in love with videos from all over the world. Tens of thousands of partners have created channels that have found and built businesses for passionate, engaged audiences. Advertisers have taken notice: all of the Ad Age Top 100 brands are now running campaigns on YouTube. And today, YouTube is announcing a new milestone: YouTube now has more than a billion unique users every single month. Read More

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