January 31st 2011
Paste Magazine Bought By Music Website Company
ATLANTA — The company that boasts of owning the world’s largest collection of live music has bought Georgia-based Paste Magazine.
Paste announced Tuesday that Wolfgang’s Vault has acquired the magazine, which reverted to a solely online publication last year after struggling financially. In 2009, Paste made headlines by asking subscribers to donate money to help keep the magazine afloat.
Wolfgang’s Vault also owns websites Daytrotter, which focuses on new and emerging artists, and Crawdaddy! The Magazine of Rock. Wolfgang’s Vault CEO Bill Sagan called Paste “a wonderful complement to our broad array of music content.”
Paste editor-in-chief Josh Jackson said the sale brings financial stability for the magazine. He will continue to run the website’s content.
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