The Politico did a story yesterday regarding Human Events — the financially struggling conservative publication whose parent company is Eagle Publishing.

According to the story, if Eagle Publishing does not find a buyer for Human Events, they may have to shut down its operations. In explaining what led to the financial struggles at Human Events, Joe Guerriero, an executive at Eagle Publishing, mentioned the emerging competition — including RedState:

But it’s also seen its market share eroded by the addition of edgy new Web-based conservative outlets like the Free Beacon, the Daily Caller and Breitbart.

Eagle Publishing also counts among its many properties RedState.com, a leading conservative blog, and Guerriero suggested its rise may have made Human Events expendable.

“We have a property in Red State that we’re very excited about,” he said. “It’s grown in influence. It is sort of the quick, essential new media property — tons of contributors, [editor-in-chief] Erick Erickson is a rising star in conservative media. And sometime, it’s tough to support a number of different initiatives, so I think that’s one of the things that may have led to it.”

I hate to see a conservative stalwart go under and I hope Human Events finds a buyer, but at the same time, it’s great to hear RedState’s influence and credibility is growing.

The Watercooler is always an open thread.