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Tech Boom, Media Bust

July 17th, 2007

It was a slow Friday at Red Herring magazine. The receptionist at the Silicon Valley tech title had stepped away from her desk. So a messenger strolls in from the summer sunshine, finds a 20-something reporter on her first real job and hits her with an eviction notice. Red Herring has three days to pay the rent or get out. Word got around, fast. Then someone looked outside. There, driving up in a rented silver Mazda minivan is a correspondent with gossip blog Valleywag. Aaaaaaand she’s got a camera.

Silicon Valley is booming again. But if you work in tech media, there’s blood on the floor. Take Red Herring. It hung onto its offices after getting the eviction notice earlier this month. But gossip site Valleywag is breaking story after story not just on its beat–but about its woes.

Full story http://www.forbes.com/technology/2007/07/16/redherring-print-blogs-tech-media-cx_bc_0716techmedia.html


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