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 Gameguru Mania News - Apr,30 2001 -  
Daily Radar Closing Today? :( - briefly
(hx) 09:25 PM CEST - Apr,30 2001 - Post a comment
Imagine Media's Daily Radar and Computing Network will close its doors later today and lay off its entire staff. Here is a snip from the full letter, which you can read at GamersDepot: "Both DailyRadar and the Computing Network achieved many successes in their relatively short lives: these were high traffic sites with decent revenues and - better still - we were proud of them because of what they did for consumers. Sadly though, we're currently in an economy that is incredibly unforgiving of investments in the Internet that are not on very fast tracks to profitability. DailyRadar and the Computing Network were on track to profitability but we couldn't devise a plan that would deliver it anything like fast enough. Between the hard facts of the economy and the realities of being part of a company traded on a public stock exchange, we were left with no choice." [more]
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