Business 2.0 to close next week

When someone told me last night that Business 2.0 is closing their doors I simply couldn’t believe it. After being featured in the magazine a month ago it came as a big shock to the system but the New York Times blog has the full story. I’m just not sure how you can make such a loss with 623,000 subscribers in your database but I guess this case just shows that traditional media has to evolve – or die.