I bitched about Spin magazine and questioned the notion of relaunch vs. loyalty vs. targeting in a previous post, only to read in Wired (in a piece by Chris Anderson excerpted from the just-released The Long Tail”) that “money-losing Spin magazine was just, well, spun off for a fire-sale sum.” Wikipedia sez

[Under the direction of new editor-in-chief Andy Pemberton] The [May 2006] issue’s format took a dramatic turn to many readers’ disgust. The new style has been compared to celebrity gossip magazines such as Us Weekly, even going as far as to have a cover story and picture on Kevin Federline. Prior to the issue’s release, much of the staff quit or were fired.

and

As of June 26, 2006, Andy Pemberton resigned from Spin as editor-in-chief amid much criticism of his handling of the magazine.

and

Vibe’s recent sale of the magazine for only $5 million, given the fact that VIBE paid over $45 million for the publication in 1997.

I left my last issue at the post office, didn’t even take it home to flip through. I didn’t even open the magazine before discarding it. Sad, really.

Meanwhile, Chuck Klosterman has created a big stir in the blogosphere with his Esquire article about the lack of criticism in the gaming scene.