Paid radio is being put on pause from now on. Below is a copy/pasted text
from hericom's forum:
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This message has been translated with google. Thanks for your understanding.
Dear Member,
Here are your news of July.
Several is asking themself about the viability of our business and I understand you. The payments has been slowed over the past few months and my interventions on the forum are less numerous. But be aware that I always work in this beautiful and great project.
But we must confess that radio is far from being profitable and I lose a lot of money from the very beginning. So I had to react. I recently tried to sell the company, but I was not successful. I wanted to sell the business to another which would have strong enough to pay you, and keep the radio rewarding open.
For many months, I tried to contact advertising agencies for their talk of audio ads. None of them is able to help us.
It is for this reason that we launched several other services to reduce our financial losses. It helps, but this is still not enough.
During the last two weeks, I rested and continue to think of solutions. Stress takes because I continue to pay you with income that I did not, or almost. This stress keeps me therefore to think logically and I now come to a conclusion that is tearing my heart.
Today, I am forced to stop the pay of radio and until we are able to pay through the audio advertising revenues that we want to have.
Within the next few days / weeks, the remuneration of minutes will be replaced by the advertising PowerOfAds. The statistics of the radio will be changed when we will update our ads agency. In simple term, we will be able to pay you with real money. Anyway, we'll keep you informed of this update.
This decision was not easy to take.
The site still has a very bright future. It will continue to evolve. And do not forget, the radio will return with a new model profitable. I'll keep you posted.
One good news for now, the costs of withdrawal will soon be deleted.
Thank you for your understanding.
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I sure hope that things will turn better soon. :-)