Internet talk radio outlet eYada, the product of a company founded by "King Biscuit Flower Hour" creator Robert Meyrowitz, ceased operations Monday. "We have closed eYada, which affects about 53 people," Meyrowitz said. "We will decide what happens with our other ventures in the course of the next few days. Things have to be done in an orderly fashion, and this first order of business is this."
He said eYada was unable to attract any additional money in the current business climate. "It's our misfortune to be a dot-com company caught in the perfect storm," Meyrowitz said. "No venture capital firm wants to put more money into it, and no advertiser wanted to advertise anywhere on the Internet."
The Hollywood Reporter