Wolfgang's Vault buys Paste Magazine
Still, no plans to restore the Decatur-based publication's print edition
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The struggling Decatur-based Paste has been acquired by Wolfgang's Vault, a company whose website boasts "the world's largest collection of live music audio, video and merchandise." WV also owns the awesome Daytrotter.
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So, good news? The magazine hasn't really been a magazine for some time now, having abandoned its print version back in September 2010. And there's no indication that the outfit's new owners will bring it back.
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Per the press release:
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While Paste Magazine retains its editorial focus, it will relaunch with new digital subscription offerings in March of this year, coinciding with the SXSW Music, Film and Interactive Festival.
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At least Paste can get back to focusing on creating content (and, uh, paying for it) and not worrying about its finances. Congrats, Paste!