TechWeek magazine and Web site announced yesterday it has run its last issue.
Editor Tim Graham said the business was hurt by a number of factors, including “bad timing” and the migration of advertising to the Internet. “We were around for three years, but maybe we were a year or two too late.”
The magazine relied on high tech recruitment ads but never made any money. “Perhaps we underestimated how much we needed to invest – $4 million wasn’t enough.”
TechWeek is owned by Dennis Riordan’s MetroStates Media, whose only other title is Nurse Week. TechWeek had a controlled circulation of around 100,000 and targeted Bay Area tecchies. It was known for running the Rudy Park comic strip, created by the editor’s friend who now covers Silicon Valley for The New York Times.
Meanwhile, online bank X.com, which closed its doors Nov. 9, has only just got around to e-mailing its customers and warning them to remove their money by Dec. 1. X.com is owned by First Western National Bank of Colorado.
Ebay users who wished to manage transactions with the PayPal service found themselves automatically signed up for an X.com deposit account, complete with printed checks and bank card.