JPG Magazineposted on their blog that they will be closing down. JPG was a unique magazine publishing peer reviewed photography.
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 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 images on the website and in the magazine were 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.
The publisher of the magazine 8020 Media is also closing reports the New York Times Bits blog. 8020 also publishes one other magazine called Everywhere Magazine. They also employed 18 people who have been let go.