It is revival time for the ground-breaking photography magazine JPG! Ever since the bi-monthly periodical shut down on January 2 this year, there have been little doubts about its potential, more so as prospective buyers like Flickr and Smugmug entered into negotiations for its acquisition.

However, the till-now undecided future of the JPG Magazine - originally self-published via lulu. com, but becoming a full-blown news-stand publication in 2006 - has been steered towards a revival, after finally being acquired by a group of investors.

The magazine, which comprised user-submitted photographs, was published by 8020 Media. For each of the photos, submitted through the magazine's website, that made its way to the published issues, a payment of $100 was made to the contributor.

The inclusion of the photos in the magazine, in particular theme based issues, was largely based on their editing by the members of the site's community, in the form of voting, after the photos were submitted online.

In spite of the fact that JPG Magazine almost reached profitability, the announcement of its shutting down came when its parent company 8020 Media ran out of finances to keep it going.

Now, with its acquisition, money would not be an issue any longer, and the magazine can continue with its original idea of publishing photo content directly from the users!