This letter was just posted on Woxy.com, everyone’s favorite indie radio station on the web and no longer the future of rock and roll…
“This is the moment all of us hoped would never come. After plugging away at this for the past two years, it’s become pretty clear that operating woxy.com as a stand-alone Internet “radio station” is not going to cut it. Our operating costs are higher than you might think, and the revenue we were able to generate from advertising isn’t close to supporting what we’re doing. Even membership revenue wasn’t enough to get us there. When your business doesn’t make money, you eventually go out of business.
With this in mind, we’ve been looking for either a significant partner – someone with a larger plan into which woxy.com could be plugged – or an outright buyer. That search hasn’t been fruitful. We’re still willing to entertain offers and explore possibilities (email [email protected]), but our time is short. We thought it was time to share our situation with you … to give you a heads-up.
You might be saying, “What can I do to help?” Unfortunately, unless you have significant investment capital and a way to profit from the wonderful programming we create, you can’t. As of today, we will no longer be selling or renewing memberships or accepting contributions. Please don’t send us money … it will just mean we have to send it back to you.”