There is no official word from Yahoo as to why the site is shutting, aside from a message at the top of Yahoo Podcasts that reads “Yahoo! apologizes deeply, but we will be closing down the Podcasts site on Oct. 31, 2007.”
Other podcast directories have struggled as a medium that years ago held so much promise was surpassed by the rise of video. Odeo was acquired from investors, then sold off, then acquired another podcast directory called FireAnt; and more recently the podcast provider/ directory Podshow is rumored to be closing a third round of funding this week as they run short of money.
Yahoo Podcasts joins the ever growing Yahoo graveyard along with Yahoo Bill Pay (announced in July for Sep/ Oct shutdown) and the hat trick of closures in May of Yahoo Auctions, WebJay and Yahoo Photos. Yahoo Podcasts joins the TechCrunch Deadpool.