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We've spent the last few months trying to make the business behind JPG sustain itself, and we've reached the end of the line. We all deeply believe in everything JPG represents, but we just weren't able to raise the money needed to keep JPG alive in these extraordinary economic times. We sought out buyers, spoke with numerous potential investors, and pitched several last-ditch creative efforts, all without success. As a result, jpgmag.com will shut down on Monday, January 5, 2009.JPG was an interesting experiment with a mix of social media and print publication in the field of photography. The site members of jpgmag.com submitted images. Member votes and editorial evaluation resulted in selection of images that would be published in a print magazine that came out bi-monthly. The biggest draw for the contributor - $100 for a published photograph. The model helped amateur photographers to showcase their work without having to go through entry barriers setup by other publishing houses. But unfortunately, it doesn't look like the model brought in much money.
We couldn't ask for a better community. In the week or so since our last email, the outpour of support has exceeded our wildest expectations. Your efforts, such as starting savejpg.com, writing blog posts, commenting on Twitter and Flickr, and generally making your voices heard, have provided exciting new opportunities for us.The email is vague and doesn't say much about what is cooking. But my guess is, there would be someone interested in the website, which has a large number of registered contributing photographers. This would be an excellent base for launching a photography based social media website, which is what an investor would be looking at.
We're thrilled to say that because of you, we have multiple credible buyers interested in giving JPG a home. We will be keeping the site up after all, and hope to have a final update in the next week or so on who the acquirer will be. Thank you for making all of this possible.

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