I use vibrant media on one of my websites, well up until I received this notice this morning. This makes it increasing difficult to make payments to suppliers on time anymore.
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With current uncertainty surrounding the timing and eventuality of Chrysler creditor payments, and per our GAAP accounting standards, we will not be recognizing advertising revenue for Chrysler during the month of March, consequently we will be temporarily withholding March revenues that relate specifically to Chrysler advertising run on your sites in March 2009.
Over the coming weeks we will be recognizing Chrysler revenue on a cash basis as and when payment is received by Vibrant Media. As Chrysler revenue is recognized payment will be made to publishers immediately upon its receipt.
Below is a reconciliation of your March payment and the unrecognized Chrysler revenue:
Reconciliation of Payment March 09
Partner revenue per Statement: $ 1,657
Chrysler Revenue: $ 1,133
Recognized Revenue: $ 524
Payment made 1st June 09: $ 524
If you have questions please do not hesitate to contact your account representative directly
Kind regards
Vibrant Accounts


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