The Register is Desperate for Money, According to The Register
I was trying to understand why one of the largest IT publications would get down on its knees for Microsoft, possibly repeating what it did "in the open" just over 20 years ago.
So I decided to check how they're doing as a business and whether they can "stand on their own" or be on their knees for Nadella and Bill Epsteingate.
There are currently 3 people in charge of The Register as a company (the editor told me also that it is/was "3", but he spoke of the site, not the company): BIRTLES, Linus John; MITCHELL, Philip David (CEO); CULLEN, Drew. The founder of the site - and the company - left not long after he had created the site (we covered the reasons several times last year [1, 2]; not related to today's focus):
Based on their latest available financial report, the debt has exploded. As of the start of 2024, they're almost 2 million pounds "in the red".
From page 9:
In page 12 the brackets represent minus:
They said they increased the number of staff from 34 to 39. We assume few are considered "full time"; how many are freelancers of some kind? Some are contracted by GAFAM's Linux Foundation to issue puff pieces.
The Directors got paid 541,556 pounds. That's about 10 times more than the physical assets.
This was signed last September. Only a few weeks after we had sued Garrett [1, 2], who the editor of The Register is protecting from criticism.
If we're sceptical of The Register, it's because of several things we witnessed recently and discussed in IRC. We just want and maybe need to understand the full picture. The Register is, after all, a for-profit business. █