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Earlier today we skeptically noted what seemed to be an unfounded rumor, that Vibe editor-in-chief Mimi Valdes, along with much of her staff, was being canned from the urban music mag. We asked if anyone could provide any word on what was going on over there, and, obediently, Mediaweek's Stephanie Smith quickly complied. What's going on? The mag is being sold, and Valdes and president Kenard Gibbs are expected to go. "Additionally," Smith reports, "layoffs, primarily on the editorial side, are expected." So who's buying?

Sources familiar with the deal say Keith Glen Media, the parent company of progressive fashion and culture monthly BlackBook, is expected to take over Vibe magazine, women's quarterly Vibe Vixen and Vibe's Internet, television and mobile offerings. Keith Glen Media is led by CEO Eric Gertler and president Ari Horowitz.

The deal is expected to close today.

Huh. Look at that.

Vibe to be Sold to BlackBook Parent Keith Glen Media [Mediaweek]
Earlier: Mimi Valdes Continues to Work at 'Vibe,' to the Best of Our Knowledge