It's time to toss a couple more corpses on the music industry fire. First, the alt-country mag No Depression, which has announced that it will cease publishing after its next issue and become a web-only publication. The usual suspects catch the blame—declining ad revenue and outlets, general music industry woes—though the magazine insists its audience is still there: "What makes this especially painful and particularly frustrating is that our readership has not significantly declined, our newsstand sell-through remains among the best in our portion of the industry, and our passion for and pleasure in the music has in no way diminished. We still have shelves full of first-rate music we'd love to tell you about," say publishers Grant Alden, Peter Blackstock and Kyla Fairchild. They'll just have to do it online now.
Also hitting the skids is TVT Records which fired its staff and is expected to file for Chapter 11 bankruptcy. TVT is home ot Lil Jon & The Eastside Boyz, Pitbull, Ying Yang Twins, and The Polyphonic Spree, and was once one of the top independent record labels in the United States, earning Billboard's Independent Record label of the year award five times in a row, the most recent in 2006. TVT is now selling those trophies for a cot and hot meal, if you're interested.