MOG to Affilate: “I’ll gladly pay you on Tuesday, four months from now.”
From an email dated Thursday, Dec 18, 2008:
While demand for advertising on MMN continues to be strong, we are seeing a distinct slowdown in advertiser-issued payments. Regrettably, MOG doesn’t have the luxury of paying out affiliates before advertiser payments are collected. This means that we have to push back our payment terms to 120 days, starting with October 2008 earnings onward.
…
Andrei Marinescu
Director, Business Development | MOG
FYI, you won’t be seeing MOG ads around here for much longer.
Good thing I’ve held off registering with them, I guess…
This is Alex Brough, head of sales for MOG. We’re only asking our partners to accept the same terms we have with the advertisers. They are paying net 120 and we don’t want to become a bank. We will pay the sites when we get paid.
We’ve got strong demand already in Q1 and that will grow significantly after the new year. We look forward to working with the sites who understand and stay on board.