Vibe magazine reportedly shutting down

According to Gawker.com [via DailyFinance.com], Vibe magazine, one of the largest music magazines in the nation, has folded.

Founded by legendary music producer Quincy Jones, Vibe was “essentially the black version of Rolling Stone”, but as urban music genres continued to dominate popular music, Vibe became a music newsstand staple. Vibe‘s closure follows a long list of recent major music magazine shutdowns, including Blender.

According to Vibe chief financial officer Angela Zucconi, a statement is expected later in the day.