Pink News in trouble

[RoyalCorgi]

These are tough times for a lot of publications. I saw this link posted by @ripx4nutmeg on Twitter:

digiday.com/media/if-we-survive-ill-take-it-as-a-win-how-bootstrapped-publishers-are-adapting/

From the article:

Fifteen-year-old, London-based LGBT media publisher PinkNews faces the likely prospect of scrapping its largest event, the PinkNews Awards, scheduled to take place in October, according to CEO Benjamin Cohen.

The company earns 15% of its revenue from events — last year PinkNews brought in $2.3 million in revenue and made $450,000 in profit — but the sponsorship sales made from selling the awards at the start of the year provides important cash flow for the second and third quarters, he said. This year, however, not a single sponsor has come on board and typically typically the company would have received all of its sponsors by now.

Excellent

Quelle dommage.

**

😁😁

And the world will be a better place without that misogynistic pile of shit, spewing it’s nastiness out.

Ahh I feel better getting that out.

This year, however, not a single sponsor has come on board and typically typically the company would have received all of its sponsors by now.

Gosh, why ever not?

Oh my heart bleeds

I have no doubt that some raging misogynist will step in to save Prick News.

I wonder if the sponsers have had a look at Pricknews’ twitter feed? They get such a regular pasting on there, they look so pathetic.

So, organisations buy awards to give to politicians for the achievements of what they are about to do. And PN makes money in the process.

These awards things are quite an interesting way of cycling money doncha think?

S'funny to read that no businesses are interested in buying their prizes, when on the MN premium thread the usual suspects are going out of their way to tell us how big corporations are so offended by the women's rights position on here they've removed their entire ad budgets to avoid linkage.

Oh I can only hope.....

Boo fucking hoo, my heart bleeds.

"Selling the awards" huh? Not giving the awards to those who earned them, but selling the awards to those who bought them. Interesting.

This is one of those scams that most people don't realize are scams.
They have a great deal in common with the diploma mills where people purchase a false expertise and then parlay it into a lucrative career.

Loads of awards are bought/sold

Like publishers paying massive entry fees to get a book nominated.

Their model of writing ridiculous click bait was always likely to come back and bite them on the backside at some point. The Coronavirus situation is going to have significant impact on what companies spend cash on but it's also a sweet excuse to back away from organisations like Pink News. They've hardly covered themselves in glory in the past year or two. My heart bleeds for the poor raging misogynists that run it.

So sad, the poor dears.

I wonder if all the big business being bailed out by governments at the moment will have to justify their tax-break donations to organisations such as Pink News.

Oh dearly me. Such a tragedy.

Such an upstanding pillar of the community. What a shame.

Oh well, never mind.

I've lost my tiny violin so I'm not even playing it for PN

Can confirm loads of awards are bought & sold. If you see a financial company touting an award for, say, ‘Best ISA Provider 2019’ chances are it was bought

Awards are a way to make money. If you buy advertising and sponsorship, and a few tables at the ceremony (and schmooze the editors), well you have certainly upped your chances! if you can’t make money running awards then you deserve to go bust.

Well it’s not a problem for them - they can just identify as rich and successful, surely?!

Hahahahahahhahahhaaha! That is all.

🥳👏🥳👏🥳👏