It has finally hit me. Not the fact that AIG one of the big insurance company almost ran out of money. Not the fact that banks in America are also running out of money. Not the fact that Tech companies like Ebay, Yahoo and others are laying off some of its staff, check out TechCrunch’s layoff counter.

The state of America’s economy, this so called “economic downturn” they are talking about had never affected me. As share markets everywhere drop, I had never give any thought about it.

Today however it has finally hit me.

Revision3 is one of my favorite media company, producing shows tailored to the Internet generation. Revision3 is one of the few companies that actually gets it.

It saddens me to hear that the economy downturn has finally affected them. Today I read on its blog, changes to Revision3′s programming. They had to make some tough staffing decisions, and resulted in the cancelation of three great shows form its line up.

The long running Photoshop show, PixelPerfect will no longer be available. I learn a lot from Bert Monroy in PixelPerfect.

Two other shows I subscribe to, popSiren and Internet Superstars are also among the casualties. PopSiren the first show of its kind. A show that offers culture-savvy diva with their weekly hip fix. I’ll miss Heather Frank and Sarah Lane’s music picks on popSiren bites.

Who would have thought that Sarah Lane would be one of them on the layoff list.

Revision3 also had stop their distribution agreement with two other well known Internet show they had recently adopted, Epic Fu and Wine Library. No worries though, these shows could make it on their own. Haven’t heard anything about Hak.5 though.

Although it saddens me to hear about this but I do understand that Revision3 is a business and in times like this they need to focus on their profitable shows. However I would wish they had canned some other shows instead of these three.

On the other hand, I hope everything is fine with the Twit network. I subscribed to several of its shows. I know that each show produced on Twit network are like Leo Laporte’s baby.