This document summarizes the rise and fall of TOPICS, a semantic technology project at Time Inc. It describes how TOPICS was initially developed and implemented successfully on some sites, but then faced challenges of perception, performance, development, and business adoption. Lessons are provided around getting executive sponsorship, detailed specifications, scalability, and vision. The document concludes by noting how TOPICS is now better perceived and integrated, and outlines future plans to establish new uses and improve the technology further.