Music outlets Spin and Stereogum will no longer be a part of Billboard-The Hollywood Reporter Media Group, parent company Valence Media announced Thursday.
The company is selling Spin to Next Management Partners.
“Spin is one of the most respected music/lifestyle publications,” said theCEO Jimmy Hutcheson via email while announcing the sale. “Boasting millions of readers, Spin began in 1985. In today’s noisy media landscape, brand reputation and authority are more important than ever, and we feel like we have a real winner on our hands with Spin.”
Terms of the deals were not disclosed. Hutcheson declined to comment further beyond his statement.
You can read more here: https://www.thewrap.com/next-management-partners-acquires-spin-media/
Music publications Spin and Stereogum will no longer be a part of Billboard-The Hollywood Reporter Media Group, parent company Valence Media announced today (Jan. 16).
Spin has been acquired by Next Management Partners, a private equity firm that specializes in digital media. This past year, Spin’s audience has grown over 40%, and the site successfully rebranded, bringing the iconic black and white logo from Spin’s inception in 1985 back. And artists such as Billie Eilish, Charli XCX and Ty Dolla Sign have graced recent covers. Next Management Partners will assume all assets and has engaged the current team to continue publishing.