Miller Publishing Group, Los Angeles, decided to hold onto Blaze, Spin
after exploring a sale of its music magazines, President-CEO Robert Miller said March 22. Mr. Miller and his financial partner, Freeman Spogli & Co., didn't get an offer that was compelling enough to commit to a sale, said a person close to the situation. Freeman Spogli agreed to stay on as a partner and will commit funds to develop the brands on the Internet. Renowned musician Quincy Jones, co-founder of Vibe
, and his partner David Salzman also remain on board.
Copyright March 2000, Crain Communications Inc.