TableXchange reservation service to fold

NEW YORK Citing the economy’s effect on the restaurant industry, the founders of TableXchange.com, an online business that sold reservations to some of the hottest eateries in New York, said Friday they would shut down the site April 1.

The founders, in an e-mail sent to the website’s members, said, “With tables remaining empty at restaurants that once had 30+days waiting lists, the niche filled by ancillary services like TableXchange is no longer necessary.”

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