Will Revision3 survive the downturn?

As the economic downturn continues, yet another growing giant in the tech space has been beaten to the point of breaking. Revision3, the media company responsible for the mega-hit Diggnation and quite a few other major podcasts, has laid off a third of it’s staff, and cancelled a few of its own shows including “Internet Superstar” and “PopSiren”. Also, if you were a fan of shows like “Wine Library TV”, you won’t be seeing them on revision3 anymore. The distribution deal was cancelled.
What does this mean for Revision3 and the tech market in general? Find out after the jump.
Tags: Diggnation, Layoffs, Revision3