Red Herring sleeps with the fishes. The pioneering title, which was launched in 1993 and was one of the first magazines to cover the nexus of technology and finance, has confirmed that its March issue will be its last. San Francisco-based RHC Media Inc., which is majority-owned by Broadview Capital Partners, decided to close the magazine as ad revenues continued to sag after the Internet bubble burst. Red Herring, which enjoyed skyrocketing growth during the dot-com boom, saw ad pages plummet over the past two years. Its revenues were $45.6 million in 2001 but just $15.6 million in 2002, a decline of more than 65%, according to Publishers Information Bureau figures.
IDC report upbeat about IT spending
In what should be good news for the reeling tech publishing industry, a new study from International Data Corp. found that 85% of companies in the U.S., Europe and the Asia/Pacific region expect to increase or …
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