Red Herring Dies

Technology magazine Red Herring has folded after 10 years. It’s the latest in a string of deaths of technology publications, including Yahoo! Internet Life, Forbes ASAP, The Industry Standard, Upside, Smart Business and Silicon Alley. But Tony Perkins is already onto his next venture, the AlwaysOn Network, a collection of commentary by “celebrity bloggers.” “AlwaysOn?s business model is even more significant than its approach to technology and business content. Perkins started the site with nothing more than a $150 blogging software package called pMachine, and put only about $50,000 into the site?s development,” he told Fortune. “He has a tiny staff?only three full-time and three part-time employees. But from day one, he claims, his costs have been more than covered by his four paying sponsors.”

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