Skip to main content

So Long NYNMA

The New York New Media Association is no more, a victim of what is being described as a 'significant financial shortfall.'

After rocketing out of nowhere during the dot-com boom, one of the last remnants of Silicon Alley has passed quietly into history, officially selling off its assets to the Washington, D.C.-based Software & Information Industry Association (SIIA) and shutting down its offices in the Big Apple.

Financial terms of the acquisition, which had been in the works since April, 2002, were not released.

The finality of NYNMA's demise was included in an e-mail to NYNMA members. 'Unfortunately, NYNMA now finds itself unable to continue to support you. Effective Friday, December 19, 2003, NYNMA has closed down its operation,' the association said.

SIAA plans to open a New York City office to operate some key NYMNA programs like the JobsNetWork, Executive Roundtable breakfast, Face2Face and the Venture/Private Equity Forum.

At the height of its operations in the late 1990s, membership of NYNMA ballooned to over 8,000, many of which were part of small start-up companies. When the tech bubble burst, the association struggled to scale back costs as membership dropped and corporate sponsors cut back on spending.

The association was best known for its Super CyberSuds technology networking and trade show.

Comments

Popular posts from this blog

The Jodie Lane Project Responds to City Council Testimony

The Jodie Lane Project : New York, NY -- February 12, 2004. The City Council Transportation Committee held a hearing today to investigate the causes of Jodie S. Lane’s tragic electrocution death on January 16th. The testimony revealed a startling lack of oversight on the part of the Public Services Commission, charged with overseeing Con Edison’s compliance with the National Electric Safety Code, last revised in 1913. With only 5 inspectors at their disposal, the Public Services Commission relies entirely on Con Edison to report safety problems. Because Con Edison only reports incidents resulting in injury or death, the PSC was aware of only 15 shock incidents in the last 5 years. Con Edison has acknowledged that it actually received 539 reports of shock incidents in the same period, effectively admitting to misleading the PSC by an order of magnitude. It is not only this discrepancy that is alarming, but also the fact that the Public Services Commission, charged with ensuring

New York Post Online Edition

news : "December 29, 2003 -- WASHINGTON - Startling new Army statistics show that strife-torn Baghdad - considered the most dangerous city in the world - now has a lower murder rate than New York. The newest numbers, released by the Army's 1st Infantry Division, reveal that over the past three months, murders and other crimes in Baghdad are decreasing dramatically and that in the month of October, there were fewer murders per capita there than the Big Apple, Chicago, Los Angeles and Washington, D.C. The Bush administration and outside experts are touting these new figures as a sign that, eight months after the fall of Saddam Hussein, major progress is starting to be made in the oft-criticized effort by the United States and coalition partners to restore order and rebuild Iraq. 'If these numbers are accurate, they show that the systems we put in place four months ago to develop a police force based on the principles of a free and democratic society are starting to