One of the blogging empires that inspired this site's early days went belly-up today. GigaOm's about page says the company was unable to pay its creditors, and that operations have ceased. Om Malik and a few others like him practically invented the world of technology and telecom blogging, but all good things do come to an end I suppose.
Truth be told, I had rarely read much on GigaOm anymore. In my opinion, the focus just became too broad. It transformed from one guy's impressions into an empire, but over time saw its DNA overly diluted. When Om Malik himself moved on to venture capital last year, the writing was on the wall for his former journalistic haunts.
GigaOm had some talented writers who know their stuff and are now surely sending out resumes (if they hadn't been already). Hopefully they'll swiftly find new homes in this rapidly changing media world.
I've never liked the business model of the multi-author blog news site. It's so easy to let the expenses balloon, and the traffic that justifies those expenses is forever built on sand - such is the nature of the internet.
FWIW, Telecom Ramblings isn't going anywhere. I like what I do, I try not to take myself too seriously, I don't have any creditors, and the support and participation from the telecom and internet infrastructure community continues to be amazing.