Business Services Industry
`Standard' shutdown jolts ailing industry.(business publisher The Industry Standard)
B to B, August, 2001 by Schwartz, Matthew
The Industry Standard, which rose to such heights during the dot-com boom, came crashing down last week. It was the latest setback in what has been a calamitous year for business publishers.
Last Thursday, the three-year-old weekly suspended publication, effective immediately. Standard Media International, publisher of The Industry Standard, said it likely will file for Chapter 11 bankruptcy protection and that most of its180 employees will lose their jobs. The magazine's Web site is continuing to operate with a skeletal staff.
The company said it continues to search for a buyer, but analysts question whether it will find any takers.
``That's it. End of story,'' said one industry observer. Filing for Chapter 11 ``will have a chilling effect on...
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