Hey everyone!
Another segment of the music industry is starting to fade to black. Spin Magazine, the longtime alternative rock magazine announced on Friday that they plan to layoff 11 members of their editorial staff and they have cancelled their November/December issue until they figure out how to proceed forward with the future of the magazine.
Spin was started in 1985 and quickly became a go-to fix for alternative music junkies looking to get the latest news on all the artists from the scene amongst a plethora of other features. The magazine initially was a monthly feature, but it scaled back to a bi-monthly release schedule to account for the decrease in subscriptions and the substantial increase of readers getting their music news fix online from other sources such as Pitchfork, Stereogum, and Absolute Punk. Until then, the magazine will solely rely on their website Spin.com for their future plans, but their website traffic pales in comparison to other websites with a paltry average of 490,000 readers compared to 971,000 readers for Pitchfork and 2.97 million for Rolling Stone. It remains to be seen what the future holds for Spin and if it'll be able to make the transition smoothly into the digital age, but it doesn't look too bright and it looks like Spin's days as a leading alternative music magazine are numbered.
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