For Sale: p2pnet.net

Cash crunch

By Drew Cullen in San Francisco • Get more from this author

Posted in Financial News, 19th January 2007 00:27 GMT

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Time and money has run out for Jon Newton, the owner of p2pnet.net, who has put the site up for sale.

He is inviting offers in excess of $30,000 and would prefer to sell the pro- fileswapping site as a going concern, or team up with "a collaborator(s) or partner(s) and/or someone willing to hire me as a writer, editor, or whatever, (so) p2pnet will stay online".

But if push comes to shove he will sell the domain name "sans content, outright to the highest bidder, in the hope that the new domain name owner will treat it and its readers well". In that case, he will hand over the site's content to a "responsible person" for archiving.

Newton blames his cash crunch on Big Music for shutting down two advertisers and for causing his other two advertisers to scale back. And Google doesn't want him as an AdSense affiliate, he says.

Newton says he never intended to make a business of p2pnet.net, but of course he has to pay the bills. And that is the trouble about publishing. Someone, somewhere has to pay - either the advertiser, or the readers. p2pnet.net's readers have donated $2,000 to the site since 2003, which is not going to wash too many faces.

Wanna buy p2pnet.net. Contact Jon Newton through this page. ®

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