• BUZZMEDIA bought Spin magazine, but did not release the purchase price.  However, Tyler Goldman, CEO of BUZZMEDIA, said "This is the biggest acquisition we've done."
• Many pundits are raising an eyebrow at the fact that a blog network is purchasing a print magazine.
• Goldman said, “We believe print has a role. We’re early on in defining what that role is relative to the other platforms.”
• Spin has a circulation of 350,000, and the website receives 1 million monthly uniques.

From the article:

With its large portfolio of music and pop culture websites, Buzzmedia makes a natural home for its newest acquisition, except for one thing: It’s a print magazine. Specifically, it’s Spin, the 27-year-old title founded by Bob Guccione Jr., sold to Miller Publishing for $42 million in 1997, and then sold again, to the Hartle Media and the McEvoy Group, for $5 million, in 2006.