Red Herring on its last legs
Owen Thomas of ValleyWag is reporting that the struggling tech magazine Red Herring is apparently about to be evicted from its offices.
This comes after the magazine stopped producing a print publication in favor of a web site and starting a social network site.
Thomas wrote, “That emergency Friday-night meeting at Red Herring, the once-storied tech publisher we’ve had on deathwatch for what seems like endless months? The agenda was to discuss, an informant tells us, an eviction notice, giving the greatly diminished Herring three days to pay rent or vacate its Belmont, Calif. premises. All employees packed up their personal belongings — presumably out of a fear that, come Monday, they wouldn’t be able to get back in to fetch them. And where was owner Alex Vieux? In meetings, most of the day, with Herring editor Joel Dreyfuss — who, we imagine, like most of the staff, is curious when he’ll next be paid. Or if.”
Read more here.