Ooooh, big surprise there.
Predictably, things went exactly as Karp's detractors had warned. Karp was never able to make enough money on advertising to cover the costs of running the business--running up his own personal credit card debt and dwindling his savings in the process--and was unable to get commitments from investors.
In his letter to readers, Karp said that The Printed Blog saw 16 issues before closing down. In a telltale sign that online media is destined to stay online, he also noted that 80,000 print copies were distributed, while another 100,000 copies were downloaded from the Internet