Melbourne , Australia, holds a place in my heart, and not entirely because I lived there for 2 years as a kid. It has one of the most vibrant art scenes in the southern hemisphere. New York transplant Jeremy Wortsman is a key figure in Melbourne, and about 7 years ago or so, Jeremy, along with co conspirator Stuart Geddes, founded Is Not Magazine.
It was a large format magazine that was intended to be pasted on city walls, bus stops and basically anywhere else the commuting public, could stand a and read. Walking around the street of Melbourne, it was normal to see huge swaths of alleyway covered in the gigantic 6' X 5' pages of the magazine. And they were also for sale in some local bookstores in rolled up form.
Sad to say, Is Not closed it's doors in 2008, but, the spirit lives on.