Craziness I did not realize
November 4th, 2008 . by FredGlam Media Blames Economy, Slows Down Payments To Publishers
Long payment terms are just business as usual with ad networks - it often takes our partner Federated Media six months or more to get us payment for ads served on TechCrunch.
I had thought I had been part of internet advertising and gained some experience, but this little tidbit from a TechCrunch article really shocked me.nbsp; TechCrunch seems to be okay with waiting 6 months for payment, and more importantly, considers it business as usual.
Scribefire paid out within 7 days of a month closing.nbsp; While at RightMedia, the books were closed well before then as well.nbsp; Quite frankly, it is shocking that any business would be okay with someone else holding their money for 6 months (think of the interest payments).
Anyone else hear this before?nbsp; Any networks out there able to pull off 6 month payment terms?