Revolution Postponed

I don't visit Red Herring online as much as I used to, but noticed today that they had decided to finish their blog on June 23rd. The blog had been running for the last year. I checked on Yahoo! News, Google News and there was not one article about the blog being shut down, nor did anything come up on Technorati. Unread or unloved? I don't know, but it is interesting that the media business heads in their wisdom decided to terminate this experiment after giving it a reasonable amount of time to mature and develop.

Is this just another part of the puzzle showing that blogging is not the media revolution its 'long tail' evangelists would have you believe?