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Based on the numbers and information provided, his asking price seems very realistic.
Many of the people that won't pay more than 6 months income are the same one's the complain about tubes, piracy, etc. They think that this multi-billion dollar industry is going to collapse overnight and fail to see that it's just contracting and re-adjusting in a recession like almost every other industry.
Established and stable mainstream businesses can easily get 5 years of income as the sale price. Three years for an established and stable adult network is not unrealistic. Established and stable are the keywords in the previous sentence.
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