Tuesday, February 10, 2015

Is "Wake Up Now" heading for eternal slumber?

After that "This American Life" expose on Wake Up Now, it seems there's an internal revolt going on, and the company had ground to a halt, if you believe the postings from various WUN affiliates. Highlights include:

  • Eric "Seemore Green" Turner claimed WUN owe him $300K and he hadn't been paid since August 2014.  (You'll recall Eric was heavily mentioned in the TAL episode)
  • Another affiliate, Logan Shippy, uploaded an video claiming the company had "let you guys down", "burned so much trust with so many people", and he's not going down with the ship. 
Previous reports stated that WUN had lost 8 million in 2012 and 2013. 

BusinessForHome, Ted Nuyten's site, cited unnamed sources that WUN is looking for an investor or else it may close its doors, having racked up another 7 million in dept in 2014 (i.e. approaching 15 mil) and even payment processors are turning their back on the company. 

So far, WUN has no official response, and other affiliates have continued their positivity message. 

We haven't seen reports about 2014, but at this rate, WUN is done "stick a fork in it" and all that. 

Is WUN heading for bankruptcy? Only they would know, but don't be surprised if they do. 

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