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.