Rumors reported (here) and (here) about Glam.com having finanicial problem - not making payments to publishers. $115 millions in funding is by far the biggest we have seen in the Web2.0 scene. Doesn’t it reminds you of Web1.0 for a sec. What does this spell out for Glam.com - for some it will mean laying off writers and cutting other costs as the effects trickle down.
VentureBeat reports it (here)
Glam, a women’s site publisher and ad network, is becoming more like most other ad networks out there. It will further delay payments that it owes to partner publishers, starting this month.
Glam’s letter to their publishers (here)
Please be advised that to better prepare for the current financial situation, Glam anticipates a significant slow down in collection payments from advertisers. Therefore we will need to align the expected timing of payments from advertisers with the payments we make to our publishers.
About: Glam Media, the pioneer of vertical content networks and a ComScore Top 10 web property, connects premium brand advertisers with more than 75 million unique global visitors a month!
Source: VentureBeat, TechCrunch
