Red herring also closes its doors
This was expected but still sad that the publisher of the Red Herring, a Silicon Valley business technology stalwart has closed its doors according to this Wall Street Journal story (subscription required):
RHC Media Inc. has decided to shutter its Red Herring magazine, according to a person familiar with the matter, ending a ten-year period in which Red Herring was a pioneering force in the market for "New Economy" magazines.
RHC had hired investment bank DeSilva & Phillips to find a buyer but after news of the search was reported earlier this week, both advertisers and potential buyers balked, this person said. DeSilva & Phillips will instead try to sell the company's assets, including its subscriber list.