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Vibe Mag Gets $12M From Magic Johnson

Vibe magazine just received a $12M cash infusion from Magic Johnson and Ron Burkle.

Isn’t there a thin line between investing money and burning money?

Vibe, bankrupt already a  coupla times, always seems to find some sucker to pick up the tab. The last one was Intermedia Partners (guess, just guess).

And including the LA Laker great, that makes four owners in 18 years.

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