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, Jan. 5, 2009.
[Update] Michael Arrington yesterday:
But the attention the site received after the announced shutdown changed things, it seems, and a number of buyers have now approached the company to buy it and keep it alive (SmugMug is one of them, it seems).