SAN CLEMENTE (BS) - The San-O Daze B.O.D. announced today his intention to seek funds from the Troubled Asset Relief Program (TARP).
"Due to decreased revenue from ads and declining readership numbers, we are forced to apply for TARP funds to stay afloat", San-O Daze B.O.D. Puttzle said. "Without this funding, we will have to shut down".
San-O Daze, a no-frills blog about surfing, was founded by former Senator Al Gore in 1974 and is the oldest continuous surfing site on the internet. In it's heyday, over 6 million visitors accessed the site daily.
"We have tried everything we can think of to keep going, including bringing in additional contributors and changing our format, but none of that made it profitable", according to Puttzle.
Detractors point out that Puttzle has been indicted for embezzling funds from the company.
According to Sheriff Bob, lead investigator in the case, a former contributor known as "Popeye" is the likely culprit and charges against Puttzle should be dismissed later next week and an indictment handed down on Popeye.