Going Like Sixty
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One of the top magazines for pop culture, Radar, has closed its doors for good. Radar was started in 2003, got a fresh infusion of $25 million in 2005 but burned through that by December. In early 2006, Radar Magazine was revived under Yusuf Jackson. It was widely reported that Ron Burkle, the billionaire party boy, was also an investor. In 2008, it was nominated for a National Magazine Award in the category of General Excellence. Radar Magazine is gone for good, but its website has been sold and will be revamped, according to a former staff member.  "The magazine is gone and the Web site is being reincarnated," said a Radar staffer who attended the meeting.
The web site has been sold to AMI and will be redesigned and rebuilt to "become a competitor to TMZ," our source said.
(observer)References: radaronline, observer Filed In: |
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