We tried the PayPal route, but the results were disappointing to say the least. (While some were very supportive, it's was a small minority). As the revenue dried up we had to cut costs which meant letting more people go. With you, Aurora and Redwood being let go, our readership pretty much dried up. It has reached the point where it really isn't worth while keeping the site active. We still have equipment we have to maintain and rack fees for our co-host. I kept the site up probably longer than I should have from a business standpoint, but its reached its limit.
[snip]
We could focus on our LAN center, which brings in actual real money and has gotten a lot of attention from the business community, or we could struggle to keep our head above water trying to run a "news" website.

Stomped.com started around the same time we did here. It's one thing to see those flash in the pan websites come and go as they often do, but when a place like Stomped decides to call it quits, scary. Good luck to the Stomped guys and StompingGrounds LAN Center, which is making money. :)