By Richard Perez-Pena-NewYork Times

Vibe, one of the nation’s leading popular music magazines, is closing immediately, a spokeswoman said Tuesday.

Word was broken early this afternoon by the Web site dailyfinance.com and spread to other music and media news sites. The spokeswoman, Tracy Nguyen, said the Vibe staff would be formally notified in a meeting at 2 p.m. She said she did not know how many people would be laid off as a result of the closure. [Read More]