(Photo credit: matthetube)Spin, the 27-year-old alternative music magazine, has been acquired by music and celebrity Web site conglomerate Buzzmedia, the New York Times reports today.
Plagued like other periodicals by readers' changing habits and declining ad revenues, Spin has experienced over the past decade a drop in circulation from 530,000 to 460,000, based on Audit Bureau of Circulation figures cited in the Times article. The future of the print edition is uncertain, as Spin has bolstered its Web site and its Spin Play iPad app.
Buzzmedia operates music Web sites, including Sterogum and Idolator, as well as celebrity sites for the likes of Kim Kardashian, which may be reassuring to some. Terms of the purchase were not disclosed.