December 6, 1996

In CNET's News.com:

Seven weeks after its initial public offering failed, Wired Ventures plans to fold its Pop entertainment site and has laid off a handful of workers at its other online sites, CNET has learned.

Pop, an entertainment site for HotWired, will close December 13, and its remaining staff will be integrated into the company's Wired News site, according to Don Markley, a Wired spokesman. He added that staff members will continue to write entertainment stories and that the site was canceled as the company focuses on the news service.

Markley, however, declined to comment on layoffs at the online sites.

In the past two weeks, one online editor and two employees from Webmonkey, a tech review site, were laid off, said employees at the company.