They've only signed up about 20,000 subscribers. That's only $600,000, not nearly enough to seriously cut into their burn rate. Even the couple of million invested in them recently is considered by many to be "vulture capital," because it won't help them survive much past Christmas.
Didn't Talbot write a recent letter from the editor saying that subscriptions had helped and they were doing OK?
He did, but no financial analyst believes him. Do a search; we've covered this several times in the last few months, and there are lots of links to analyses on other sites explainly why they just don't have the cash to survive long-term.
posted by aaron at 10:32 PM on October 1, 2001
« Older The horror one man can unleash upon an unsuspectin... | with all the discussion about ... Newer »
This thread has been archived and is closed to new comments
posted by skallas at 7:33 PM on October 1, 2001