JPG Magazine Bids Farewell
It seems like the recession has claimed another victim. JPG Mag is closing down. The photography magazine, which was made up of user submitted content, a bit like Flickr in a magazine, was quite popular, but obviously not popular enough. From an email sent out to subscribers this morning:
“We’ve spent the last few months trying to make the business behind JPG sustain itself, and we’ve reached the end of the line. We all deeply believe in everything JPG represents, but we just weren’t able to raise the money needed to keep JPG alive in these extraordinary economic times. We sought out buyers, spoke with numerous potential investors, and pitched several last-ditch creative efforts, all without success. As a result, jpgmag.com will shut down on Monday, January 5, 2009.
The one thing we’ve been the most proud of: your amazing talent. We feel honored and humbled to have been able to share jpgmag.com with such a dynamic, warm, and wonderful community of nearly 200,000 photographers. The photography on the website and in the magazine was adored by many, leaving no doubt that this community created work of the highest caliber. The kindness, generosity, and support shared among members made it a community in the truest sense of the word, and one that we have loved being a part of for these past two years.
We wish we could have found a way to leave the site running for the benefit of the amazing folks who have made JPG what it is, and we have spent sleepless nights trying to figure something out, all to no avail.”
It’s funny, but only yesterday I was wondering if this type of business, which is based on crowd-sourcing their content would be able to survive and here is another casualty. Web 2.0 might be in for a tough year.
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