Rumors about VIBE Media Group filing for bankruptcy are completely false and have absolutely no merit

Earlier this month 48Bars posted an article stating that Vibe Magazine was about to fold. We have recieved information stating otherwise.

Official Statement on Behalf of VIBE Media Group:

"Rumors about VIBE Media Group filing for bankruptcy are completely false and have absolutely no merit. The source of this false rumor is a disgruntled blogger who didn't make VIBE's 50 Top Rap Blogs list posted last week.

In fact, an announcement was made this morning about the launch of a new VIBE Media Group property, The MOST!. Click to read the article that ran this morning on Media Bistro and attached is the press release. Pam Workman VP Publicity

http://www.mediabistro.com/fishbowlny/magazines/vibe_media_group_launches_tabloid_116170.asp

Pam Workman
VP Publicity