Writers and Editors (Pat McNees's blog)
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Prompt payment for freelancers (contractors, suppliers) with discount

December 10, 2009

"Time Inc. has opened up a fantastic new market: charging its freelancers for the privilege of being paid for their work in a timely fashion." Gawker reports that Time Inc. will pay you promptly, if you pay them for the service. NBC Universal has a different, even worse version of the payday loan scam for freelancers. "NBCU will sit on your invoice for 75 days and pay you what they owe, or pay you in 15 days for a 2.5% discount."