Vibe Magazine has been bought out by SpinMedia and the company will end their print magazine in the coming months.

New York Times reports:

SpinMedia, a group of music and pop culture Web sites that includes Spin magazine, has bought Vibe, the 21-year-old R&B and hip-hop magazine.

SpinMedia announced the sale on Thursday, saying that it had bought the rights to Vibe’s print magazine and its related sites, and, from Vibe Media. The price was not disclosed.

Not too long ago, a few staff members of Vibe Magazine came to discuss their latest issue...