Lost and Found

I was under the impression that Spin was better than ever. At least in the context of artists they cover (more hipsterish these days). but, this just in:

Hartle Media and the McEvoy Group close their acquisition of Spin magazine Feb. 28, paying well under $5 million for a money-losing title that in headier times -- 1997 -- traded for $42 million.
(from AdAge.com)

An eighth of the price it was 9 years ago. sad sad sad.