Digital Railroad Finally Dies

"The would-be white knight that might have resuscitated Digital Railroad has walked away, leaving DRR with a doubtful future.

Digital media content distributor Newscom and its parent company Mainstream Data have withdrawn a letter of intent to purchase the assets of DRR because they couldn't see how to operate it as a profitable business, says Newscom managing director William Creighton.

"We reviewed the site, we reviewed the technology, we looked at the financials, decided we couldn’t make it work and rescinded our offer," Creighton says." ..more