So JPG Mag will be saved after all. Good news for amateur and semi-pro photographers alike as well as anyone who is a fan of photography.
The new owner is also introducing some new ways for the magazine to gain revenue, but it isn't entirely clear how the first of those new ways is going to work. Adorama has been signed up as the Premier Community Partner - not sure if that means increased social activities on the JPG mag site, or something in the magazine or what, but at least it'll help keep things floating. I'm sure Adorama will gain advertising from the deal and in return provide some funds to 8020 media.
Here's a little blurb:
Your outpouring of support--whether on Flickr forums, blogs, or savejpg.com--demonstrated to the world (along with the investment community) that JPG is simply too special and unique to vanish. Our new investors agree with you--and believe strongly in the potential of JPG as a business. So I'm looking forward to working with them to creatively drive revenues while enhancing the quality of the JPG experience. I'm also looking forward to working with our Premier Community Partner, Adorama, to develop wonderful opportunities for all of you to reach a broader audience as well as better engage around the photography equipment you use and love. More on that to come!
and here's the original blog post: http://jpgmag.com/blog/2009/02/an_exciting_future_for_jpg.html