Jemima Kiss has spoken to Sam Sethi and posted about the Blognation rumpus on the Digital Content blog:

So I spoke to Sam Sethi just now. He told me that he sacked Oliver two
months ago and that he therefore hasn’t been party to discussion and
updates on the Blognation back channel that say funding has slipped
back, but is on its way.

This does rather beg the question “if you fired him two months ago, why did he still have posting rights today?” It’s nice to hear something from the horse’s mouth, as it were, but there are still more questions that answers right now, even if Sethi does admit that his editors haven’t been paid.