The Associated Press

SAN FRANCISCO - Red Herring, the magazine considered a must-read among the technology elite, has closed its doors, the latest victim of tough economic times.

RHC Media Inc. reached the decision after unsuccessfully trying to sell Red Herring, Chris Dobbrow, RHC Media's chief executive officer, said Friday.

Red Herring's March issue, delivered to subscribers two weeks ago, turned out to be the magazine's final issue. It had a circulation of about 275,000.

Founded in 1993, Red Herring focused on the venture capital community.