Dear Publishers,
As you may know, the retailer Circuit City filed for federal bankruptcy protection under Chapter 11 on November 10, 2008. As a result of this bankruptcy filing, Circuit City will not be providing payment for any leads that it received from Shopzilla or BizRate during the period of August 1, 2008 through November 10, 2008. Additionally, Circuit City will not be paying Shopzilla or BizRate for any traffic generated during the period of November 10, 2008 through December 10, 2008.
This adversely impacts you because the Shopzilla Publisher Program makes payments to Publisher partners based on revenue received from merchants. In this case, no revenue will be received from Circuit City for the period of August 1, 2008 through December 10, 2008, and as a result, no payments will be made to our Publisher partners for traffic sent to Circuit City during that time.
Accordingly, we will be adjusting current account balances by the amount of estimated earnings that had previously been attributed and paid as a result of traffic to Circuit City during the period of August 1, 2008 through December 10, 2008. Should you have sent any traffic to Circuit City during this period, your December 2008 payment, paid on or about January 15, 2009, will reflect this adjustment. Many of you have received specific emails detailing this adjustment. If you have not received an email, your adjustment is less than $50.00.
We sincerely regret this news and apologize for the timing. We look forward to a continued partnership with you, so please do not hesitate to contact us with any questions you may have.
Thank you for your understanding,
Shopzilla Publisher Team
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