We've gotten word that niche ad network Betawave has as of today run out of money to continue operations. Betawave integrated ads and products for a portfolio of sites primarily in the gaming, mom and teen verticals. Some publishers have not been paid in 6 months and were only hanging on to see if Betawave would merge with Realgirlsmedia, a deal which apparently fell though according to a source.�Betawave confirmed to TechCrunch that they are now in discussions to sell the business with the following statement.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/pVZR4Xeh0AI/
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