Billboard Parent to Sell Spin, Stereogum: Next Management got Spin from Billboard-The Hollywood Reporter Thursday

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.

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