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Red Herring slices 25 jobs

Published on .

San Francisco- Reeling from cuts in ad spending among Internet companies, Red Herring Communications said it has eliminated about 25 jobs, or 7% of its work force. The cuts follow the integration of Red Herring's recent purchase of online charting and investment information company StockMaster.com and the combination of its online and print editorial teams. Another factor is declining online ad revenue. Nevertheless, the privately held company is committed to its online strategy, said Chris Alden, Red Herring's CEO. He added that the company's online business revenues have grown four fold this year, compared with last.
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