Divine Using Publishers' Money To Pay Operating Expenses

from the ooops dept

Divine Inc., the owners of Rowecom, an online magazine subscription service has apparently been signing up people for subscriptions, but instead of paying the magazine publishers the money they're owed - using that money to fund operations. That is, generally speaking, a bit of a no-no. Rowecom has now told the publishers, by the way, that it can't afford to pay them for the subscriptions they sold on their behalf. This appears to be illegal in any number of ways, though, Divine is trying to avoid the mess by selling Rowecom off to another company. However, the article suggests that the legal mess could lead to the end of Divine.
Hide this

Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.

Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.

While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.

–The Techdirt Team


Follow Techdirt
Essential Reading
Techdirt Deals
Report this ad  |  Hide Techdirt ads
Techdirt Insider Discord

The latest chatter on the Techdirt Insider Discord channel...

Loading...
Recent Stories

This site, like most other sites on the web, uses cookies. For more information, see our privacy policy. Got it
Close

Email This

This feature is only available to registered users. Register or sign in to use it.