EURweb.com reports Vanguarde Media Inc., headed by Keith Clinkscales, which owns Honey, Savoy, and Heart & Soul magazines, has folded. Apparently employees found out on yesterday, November 25th , and were told to clear out their offices. “I received an anonymous tip from a former Vanguarde editor while this was actually going down,” Jawn Murray revealed. “Several publicists also got calls from magazine staff canceling interviews and various appointments scheduled for next week. It’s been rumored for some time now that the company was facing financial problems, but no one expected it to end like this.” Read more.