No more NAVTEQ LBS Challenges?

I read this three times before it set in. Unreal.

In the early part of the last decade, NAVTEQ was one of the best in the ecosystem at bringing together value chain providers to help aspiring developers win market visibility and ultimately bring location-based apps or enablers to market via the NAVTEQ LBS Challenge - an annual event the NT Network for Developers managed. A couple (now big) names with humble beginnings through the Challenges include Networks in Motion (acquired by TCS for $170MM, 12/15/09) and Skyhook. Dozens more used the events to catalyze their businesses. It's sad to learn about this news. I can't help but think the Microsoft-Nokia alliance with emphasis on Bing Maps influenced the decision to shut down NN4D, but who knows.