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.

You can read more here: https://www.billboard.com/articles/news/8548204/billboard-hollywood-reporter-media-group-spin-stereogum-sale