Folding magazines: Vibe "saved"

Vibe magazine has been supposedly been saved.

Sort-of:

InterMedia Partners have purchased the brand, and plan to relaunch it through the creation of a "Vibe lifestyle network", reports allhiphop.com.

There are vague plans that there will also be a quarterly magazine somewhere down the line, but it all sounds a bit like the online "resurrection" of Woolworths from where I'm sitting.