Vibe is sold

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Vibe Ventures finally wrapped up its protracted negotiations to acquire four-year-old Vibe from Time Inc. Ventures. Vibe Ventures is a newly formed joint venture headed by the magazine's co-founder Quincy Jones and Robert Miller. It marks the first deal for Mr. Miller, who left his post as president-CEO of Time Inc. Ventures following a company restructuring and formed his own media company, Goldrush Media, Los Angeles.

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