JPG photo mag pulled back from the brink by new investors

Interesting that JPG magazine, at death's door not too long ago, has been bought by a group of investors ande will carry on. According to a post on Techcrunch, the innovative photography magazine has been revived.

JPG launched in late 2006 with the novel idea of cutting back on publishing costs by accepting user-submitted photos and relying partially on the community to edit the magazine. But despite reaching near-profitability, the periodical announced that it was shutting down on January 2nd when its parent company 8020 Media ran out of money.