Huge bummer for the recently rallying gang. Full story at the New York Times:
Two weeks after its takeover by an online media company, Spin magazine’s future as a print publication was cast further into doubt on Friday when 11 employees — a third of the staff — were laid off and publication plans for the bimonthly magazine were suspended.
The next issue, dated September/October and featuring the rapper Azealia Banks on the cover, will come out in late August. But according to a statement on Sunday by Spin’s new owner, Buzzmedia, there will be no November/December issue while the company figures out what form a printed Spin might take given the magazine’s expansion online.
Read the original report at Billboard.biz:
SPIN Magazine today laid off a number of staffers. Sources told Billboard today that key editorial staffers such as SPIN Magazine editor-in-chief Steve Kandell, associate editor Melissa Giannini and Spin.com news editor Devon Maloney were laid off, as well as a number of staff members in the photo and production departments…