Vibe , one of the best-selling hip-hop magazines , shut down on Tuesday . The magazine was founded in 1994 by a group of young black men who wanted to create an alternative publication that would be more accessible and less racist than other publications like Essence or Rolling Stone. Its chief executive officer , Steve Aaron , said the magazine has a debt of `` several millions of dollars '' and also faced a declining market and decreased advertising revenue . Vibe 's closure eliminates jobs for all 48 staff members .
Vibe , one of the best-selling hip-hop magazines , shut down on Tuesday . The magazine was founded in 1994 by a group of young black men who wanted to create an alternative publication that would be more accessible and less racist than other publications like Essence or Rolling Stone. Vibe 's closure eliminates jobs for all 48 staff members .