Kuro5hin is broke

The site, attracted 341,018 unique visitors last month, and has now run out of money after paying a quarterly tax bill.

The site said it had tried text ads and for a while this contributed revenue to Kuro5hin, but that's been declining over the few months it's been going.

Rusty, who runs the site, says that only 1,200 people have subscribed to a premium membership scheme and that, combined with the text ads, is not enough to cover the costs of the site.

This is a conundrum faced by many Web sites.

Kuro5hin has a poll on its site and there's an interesting article about the economics of the New Media which you can find by clicking here. µ