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This Totally Spoils Our Plan to Parody the ‘Harvard 100′ This Year
Posted By Maureen O'Connor On October 25, 2008 @ 3:21 pm In Uncategorized | 12 Comments
I guess we can close down our website, now, because #1 source of all things ridiculous in the Ivy League, that gloriously self-congratulatory glossy 02138, is folding! Mere months ago Manhattan Media acquired the Crimsonphilic alumni rag, heralding it as the foundation of their new “Ivy League Media” division. And now they’re killing it. Daily Intel has Manhattan’s fold-nouncement memo, which explains that, though everyone at 02138 was doing an A+ job,
…the current economic environment has made it too difficult to proceed at this time. While Manhattan Media, and its financial backer Isis Venture Partners, are committed to long-term growth capital, the funds needed to execute AMN’s strategic vision would by necessity have grown significantly and beyond the company’s risk/return profile.
The latest issue will lurk around 02138′s website for a while, the ghost of Media Past. Happily (delusionally?) the website shows no signs of distress, with its usual assortment of Aaron Sorkin puff pieces floating around the homepage.
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