If you've been following the uplifting story about the rescue of JPG Magazine, the hybrid online and print photo publication comprised entirely of content submitted and juried by its reader community, you'll be happy to learn the latest news.
On Friday, February 27, JPG's Editor in Chief Laura Brunow Miner announced that a new president and CEO has been promoted from the ranks, in the person of Seth Familian, formerly vice president of product management. Seth shared the best part of the story: new investors are officially on board and Adorama is in place as the site's Premier Community Partner.
Read more about JPG's news on their blog
An update to the update, added March 2, 2009
And lest we get too starry eyed about it all, here is the dirt, as dished up by Owen Thomas on gawker.com. I can't quite figure out why Mr. Thomas believes it relevant that Adorama is owned by Hasidic Jews.
Meltdowns: CEO's $500,000 Salary Burns Startup Into Fire Sale