Logo Redesign for existing online business publication in Alberta, Canada

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This customer received 224 logo designs from 66 designers. They chose this logo design from Sergio Coelho as the winning design.
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Logo Design Brief
This logo is for Alberta Venture - https://albertaventure.com/
The logo should have a similar look and feel to the existing logo. This is not a total rebrand - just a modernization and update.
Alberta Venture is a magazine about the business community in Alberta, Canada. For more information about the publication see here: https://albertaventure.com/about/
We would like to keep the same colors:
Red #D10A11
Black #030200
the other colors in our color scheme are:
Dark Grey: #444554
Light Grey: #7F7B82
Dark Red: #8E0808
These could be used as secondary colors in the favicon, but the red and black should be primary.
We have a strong preference for a horizontal arrangement. The main location for the logo will be along the top of the page, so we would like either have the favicon built into the brand name or to the side of it.
The logo should be suitable with both a white background and/or transparent background.
Keep in mind that the logo must be recognizable at smaller viewports like iPhones - so it there will be limited space for much details. The logo should be able to degrade in size nicely as it is displayed from desktop to tablet to smartphone.
We require the following deliverables:
a) CMYK printing of the complete logo/graphic in both solid and gradient form in .eps format, and
b) Web/Desktop/Digital graphics of the complete logo/graphic with both solid and gradient forms as well in .psd (complete with layers!) and .png formats, and
c) a favicon graphic .psd (complete with layers!) and .png format where the design is square (equal height and width)
d) The name and source (preferably a URL) of all fonts used, if any
If you completed in .ai form, feel free to also include those, however it is VERY IMPORTANT that we get a .psd with proper layering and not an .ai graphic converted to a single layer .psd
Updates
Low design quality
Industry/Entity Type
Publishing
Logo Text
Alberta Venture
Look and feel
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