Silicon Alley Magazine to Fold

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NEW YORK — Silicon Alley Reporter magazine is shutting down and re-launching to focus on venture capital, underscoring the depressed state of Manhattan’s new-media industry.

The monthly magazine, which started in 1996, published for the last time as Silicon Alley Reporter with the October issue. It will relaunch as Venture Reporter in late December, according to Jason McCabe Calacanis, editor in chief and chief executive officer of Rising Tide Studios.

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