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# Spin Editor-in-Chief Craig Marks Exits As SpinMedia Receives $7.5 Million In Funding
- URL: https://www.hypebot.com/spin-editor-in-chief-craig-marks-exits-as-spin-media-receives-75-million-in-funding/
- Published: 2014-09-18T10:39:29.000Z
- Updated: 2014-09-18T10:39:29.000Z
- Description: A "restructuring" is in progress as now former Spin Editor-in-Chief Craig Marks is out. Marks says that, though his recent time at Spin was brief, he had a positive experience. Continue reading [https://www.hypebot.com/hypebot/2014/09/spin-editor-in-chief-craig-marks-exits-as-spin-media-receives-75-
- Author: admin
- Tags: Music Business, Music Tech, Craig Marks, Do it yourself, Editor-in-chief, New York Post, Spin (magazine), SpinMedia, Stephen Blackwell, Vibe, #wp, #wp-post, #Import 2026-01-21 10:38

[![Spin-logo](http://hypebot.typepad.com/.a/6a00d83451b36c69e201a73e18a662970d-150wi "Spin-logo")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201a73e18a662970d-popup?ref=hypebot.com)

A "restructuring" is in progress as now former Spin Editor-in-Chief Craig Marks is out. Marks says that, though his recent time at Spin was brief, he had a positive experience and hopes he "helped lay the groundwork for Spin to be good and relevant and meaningful." This departure is being attributed by the New York Post to a new phase of cost-cutting. In addition, SpinMedia has received a new funding round of $7.5 million.

Craigs Marks [became Spin Editor-in-Chief](https://www.hypebot.com/new-spin-editor-in-chief-leaves-print-behind-to-focus-on-mobile/), replacing Jem Aswad, back in June.

Marks was Editor-in-Chief of Spin [in the 90s](http://adage.com/article/media/craig-marks-named-editor-chief-spin/293699/?ref=hypebot.com), a very different time for print media, but came to Spin fully committed to making the shift to a digital age.

Keith J. Kelly [reported](http://nypost.com/2014/09/16/top-editor-exits-digital-version-of-spin/?ref=hypebot.com) the exit for the New York Post. He also revealed a new $7.5 million round of funding for SpinMedia which owns Spin, Vibe and a number of other music sites.

Kelly says new SpinMedia CEO Stephen Blackwell "confirmed Marks departure and the new investment, which sources said was led by M/C Group."

Blackwell also emailed Kelly:

"Craig has amicably departed from Spin in the restructuring. He took the opportunity to pursue other interests, specifically a follow up to his book."

Andrew Beaujon [spoke with Craig Marks](http://www.poynter.org/latest-news/mediawire/269917/spin-loses-another-editor-in-chief/?ref=hypebot.com) by phone who said the exit was "not performance-related" and that:

“It was a mutual and amicable decision that I would leave…With the new CEO and the new regime it felt like the right time to part ways. I would like to pursue other interests including trying to finally get a bead on my next book…I sincerely hope I helped lay the groundwork for Spin to be good and relevant and meaningful”

Beaujon also spoke with Stephen Blackwell who said they would soon be adding "more editing talent."

**More:**

- [Stephen Blackwell Goes 100% Digital As New SpinMedia CEO](https://www.hypebot.com/stephen-blackwell-goes-100-digital-as-new-spinmedia-ceo/)
- [New Spin Editor in Chief Leaves Print Behind To Focus On Mobile](https://www.hypebot.com/new-spin-editor-in-chief-leaves-print-behind-to-focus-on-mobile/)

*Hypebot Senior Contributor Clyde Smith ([@fluxresearch](https://twitter.com/fluxresearch?ref=hypebot.com)) recently launched [DanceLand](http://dance.land/?ref=hypebot.com). Send news about music tech startups and services, DIY music biz and music marketing to:*

clyde(at)fluxresearch(dot)com

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