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NEW YORK ( -- Following the auction Monday of the assets of The Industry Standard, The, the last operation of the Internet commerce magazine, ceased publishing Tuesday.

In a letter to readers, Editor in Chief Jonathan Weber said, "As you are probably aware, Standard Media International [the Web site's parent] has been operating under Chapter 11 bankruptcy protection for the last several weeks, and we had hoped to emerge from that process as a going concern under new ownership. But things did not turn out that way."

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