Digital Rail Road completely collapses and gives it’s contributors 24 hours to remove material before shutting off the servers. Vincent gives them a good thrashing here. I guess we now know that photoshelter made the right move to abandon the stock sales and keep the personal archive servers alive. It seems somewhat criminal what they’re doing, but in the current business environment they can get in line with all the other aholes.
Time Inc. begins the holiday bloodletting with a 600 job cut. I agree with Lee Crane and wonder if they will fire any of the decision makers who drove them here.
Corbis needs more of your royalty. After 15 years of trying to reach profitability this is your solution? Melcher has the straight dope as usual.
UPDATE: DRR appears to have an extension of the shutdown to 11:59PM, PST, on Friday October 31. (via, photoshelter)