October 25, 1996

In CNET's News.com:

Wired Ventures' attempt to take the company public failed for the second time in three months.

Wired, which publishes a Net culture magazine, books via its HardWired unit, several online venues, and produces a television show, pulled the plug on its planned initial public offering last night, blaming the last-minute decision on "market conditions." The company would not provide specifics, but according to sources, the market conditions were these: Wired simply failed to convince skeptical investors to buy a piece of the company.