- Posted by Johanna on September 10, 2008 at 7:59 pm
- Category: Digital and Webcomics
Wowio, the troubled online publisher, is over three weeks late paying publishers their earnings for second quarter 2008 (which ended in June, assuming they use a standard calendar). Their Editorial Director told a publisher that she didn’t know when fees would be going out, but to apologize for the delay, they’d pay an extra 2.5 – 5% late fee when the money did arrive.
5% of nothing is still nothing. “We’ll make up for our delay by giving you more when we finally do pay you,” sounds like a con man’s trick to keep the fish on the hook.