The company folded around 2017, but was bought by Amazing Radio in 2019 who announced plans to bring back the CMJ Music Marathon in New York, along with other new live and live-streamed offerings.
That year's Music Marathon in New York City was intended to be a comeback for the now independent media company with hundred of bands, many panelists, and thousands of attendees scheduled to attend between September 13–16 with an ill-picked tagline in hindsight of "A Killer Event."
In addition, the magazine was criticized at the time by many in the independent music community for focusing too much on major label acts, which resulted in Beggars Group pulling ads from the publication.
[citation needed] By 2016, CMJ was no longer putting on the annual Music Marathon, and staff stopped getting paid in October 2015, which eventually lead to a lawsuit and Klein's bankruptcy.
CMJ New Music Report published top-30 lists sent to them by radio stations, which subscribed at a cost of a few hundred dollars a year.
[9] On January 5, 2004, CMJ New Music Report published a 25th anniversary double issue[10] led by an editorial staff that included editor-in-chief Kevin Kerry Boyce, and managing editors Louis Miller and Doug Levy.
The issue featured The White Stripes on the cover in a photograph captured by art director Drew Goren; the magazine named the band's 2003 release, Elephant, its Album of the Year.
Many musicians from the New York City indie rock community have worked on staff at CMJ over the years, including members of acts such as Parts and Labor, Poingly, Worriers, and The Airborne Toxic Event.
A second festival, the CMJ Rock Hall Music Fest, took place in Cleveland in 2005 and 2006; in April 2007, organizers canceled the event, citing strains on financial and staffing resources.