Update: 'Plenty' Runs Out of Green, Shuts Down

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Mixed Media

by Jeff Bercovici

Main

Hearst Re-ups Black: A Sign of the T... Out of the You-Know-What Can, Into t...

Jan 12 2009 1:22PM EST

Last week, you read about how Plenty magazine had laid off half its staff and made tentative plans to chop the frequency of its print component, a magazine about environmentalism, despite the prospect of a cash infusion from Live Earth entrepreneur Kevin Wall.

But by Friday afternoon, that information was no longer up to date. Now, Plenty has shut down altogether. The Daily Green reported it first, and now publisher/editor in chief Mark Spellun confirms it.

"Basically all finance dried up for us," says Spellun. He says the prospects for restarting it are dim. "If the economic climate is better a year from now, that'd be great. But in terms of available capital now for independent magazines, it's pretty tough."

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