Salon in Dire Straits

An anonymous reader submits this well-linked blurb: "It appears the end may be near for Salon Media Group. Their auditors doubt the company can stay in business for very much longer. Despite recently reaching nearly 40,000 subscribers, they haven't been able to make up for lost ad revenue in a down market. As a result, they've accumulated a deficit of about $75 million. Their best known asset, besides Salon.com, may be The Well, one of the earliest and most influential online communities. I hope that it can survive if Salon does not."

Comments

Old adage

[ObviousGuy]

Give a man a fish and he'll expect cradle to grave fish welfare.

Teach a man to fish and he'll complain that you aren't providing lifetime fishing employment.

Editors

[Torgo's Pizza]

2002-06-27 01:32:26 Salon living on borrowed time (articles,news) (rejected)

Sometimes I don't know why I try...

Re:Left-wing media a financial failure?

[CrosseyedPainless]

Uh, right-wingers are right-wingers because they want lower taxes, and they want lower taxes because they're in higher tax brackets, and they're in higher tax brackets because they're rich. Rich right-wingers support right-wing media, and well. Left-wingers don't have as much money, which is why they support the hell out of high taxes to support government spending. Left-wing media gets nada.

Re:What does this mean for the industry as a whole

[DNS-and-BIND]

Let's see - you're bragging about your low-numbered slashdot account. You wish nothing but ruin upon slashdot. You're a kuro5hin poster.

Go to hell!

Damn, it felt good to say that.