CommanderFrank
Cat Can't Scratch It
- Joined
- May 9, 2000
- Messages
- 75,399
The once heavily visited Usenet site has shut down its web operations due to lack of funding. Membership in the ‘news’ service has fallen dramatically since the UK courts ordered the site blocked and heavily sued by the MPAA both as Newzbin 1 and 2, contributing to the sites financial problems.
"We don't have much more than about 40,000 active users and the number of premium users is in the small thousands. It costs much more to run than we bring in. It just doesn't stack up”.