Let’s see if I have this straight. Thirty former Rocky Mountain News refugees are offering their services for a minimum of $3m. per year in subscription revenue. There would also be — one presumes — some fairly decent ad revenue available, what with access the 50K subs the venture would have in play. Again that is minimum.
In fact, site hosting and associated costs might be wholly covered by ad revenue if they really know what they are doing and run a lean, guerrilla back-office.
If so, this seems like an awfully high bar to set. Were these folks really that highly compensated — or did their former employer (like government) significantly overpay for a cyber-presence?
