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Founded in 1993, Red Herring focused on the venture capital community, an emphasis that helped it emerge as an influential magazine during the dot-com boom of the late 1990s.
>>"This shows that independents can't survive in this world anymore," said Scott Stawski, who specializes in media and entertainment companies for Inforte, a consulting firm.
Not too sure about that. Depends about what market hes talking about.
For us the war on Iraq is creating the biggest problems we have ever faced as it demands us to change to create a business model in a world of uncertaincty.
This shows that independents can't survive in this world anymore
What I think that means is that it is difficult to survive as an independent magazine in a world that is dominated by TWO GIANTS, namely Conde Nast and Time-Warner-AOL, and a couple lesser giants. This makes it difficult to distribute your product, or have it quoted by another media outlet, etc. As an independent, it's almost like getting thrown into a black hole.
As for their web division, they were spending waaaaaay too much on enterprise level CMS, ad delivery and hit tracking. Insane amounts of money. There are so many low cost open source solutions it's ridiculous to pay $20k/month for some of these Enterprise Solutions.
For that rate they could've hired a techie to tweak some open source software for them.
Unfortunately, the decisions for the web side of their business was run by the magazine industry people, who were basically clueless about how much they should be paying for whatever technologies, or what technology to pay for.
Red Herring ceases publication, as original founders plan comeback
Months later I never received any more bills, but I still get the magazine delivered. Perhaps now they'll finally stop sending it. ;)
The Industry Standard, now that is a magazine I actually miss, at least before their redesign and the brilliant strategic move of firing all their competent writers and editors.
