Salon Media Group Properties Surge Past 35,000 Paid Subscribers (Giggle)

Salon Press Release ^ | 1/23/02 | Some PR Hack

[Drango]

Salon Media Group Properties Surge Past 35,000 Paid Subscribers
Subscriptions Now Represent 30% of Salon Revenue

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Jan. 23, 2002 | SAN FRANCISCO, Jan. 23 /PRNewswire-FirstCall/ -- Salon Media Group (Nasdaq: SALNC - news), a leading new media company, today announced that its three fee-based services -- Salon Premium, Table Talk and The Well -- have collectively surpassed 35,000 paying subscribers.

Salon Premium, the company's content-based subscription service launched in late April 2001 has generated over 30,000 of Salon Media Group's 35,000 subscriptions. Salon Premium provides subscribers with exclusive access to most of Salon.com's news and politics coverage, political columnists and additional content from its People and Sex sites. Salon Premium also provides subscribers with special services such as the ability to download a day's worth of Salon content to their hard drives for offline reading, in either Adobe PDF or HTML text formats. The Well and Table Talk, Salon's community forums, allow users to view and post messages in moderated environments. Salon's subscription fees range from $6 per month and $30 per year for Salon Premium subscriptions to $180 per year for the highest priced Well subscription.

``We're encouraged by the ongoing success of Salon's subscription services. Surpassing this milestone of 35,000 subscribers underscores that our fee-based services are definitely working,'' said Michael O'Donnell, Salon Media Group's President & CEO. ``Our users have demonstrated their willingness to pay for unique, proprietary articles and Salon's point of view. We've recently had great success in rolling out a monthly subscription option to Salon Premium as well as electronic gift certificates and we'll continue to add other payment options and user benefits moving forward.''

About Salon

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Founded in 1995, Salon Media Group is a leading new media company that produces an award winning Internet site, Salon.com, as well as two subscription-based online communities, The WELL and Table Talk. Salon logged 3.8 million unique visitors in July 2001, as audited by the Audit Bureau of Circulations. Companies which have advertised on Salon include IBM, Lexus, PBS, Universal Studios, Hewlett-Packard, Ford, Sprint, Absolut, Powell's Books, Discover Card and Intel.

SOURCE: Salon Media Group

[Drango]

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[ken5050]

Notice that the release OMITS the factoid that the paying subscribers DON'T get advertisements.....that's gotta make the advertisers really happy....a schitzoid policy, if you ask me..

[RedBloodedAmerican]

I am surpirsed there isn't more. Kiddie porn is a business these days.

[Drango]

Notice that the release OMITS the factoid that the paying subscribers DON'T get advertisements

Strange, I currently don't see any "paid" ads on Salon??? What'sup with that? (Perhaps my blocking of their cookies stops 'em.) Are they getting revenue from anyone?

I think we have another bankruptcy coming...bigger than ENRON

[henbane]

Salon has moved into the internet porn market in a disgusting and desperate attempt to stay alive.

It's a panic-driven ploy to be sure--and utterly hopeless in preventing the inevitable disappearance of the office furniture in the coming bankruptcy auction.

BTW, here's a 5-year chart that shows the sickening tumble of Salon Media Group from the $15 per share region straight down to its current penny-stock status.

The time-frame of Salon's nosedive seems to coincide with the recent failure of the American lib-left across all sectors of the national culture.

[dead]

They could double that number if they added snuff films.

(Gary Condit probably has a couple for sale.)

[monkeyshine]

ROFL. Here at FR there are over 70,000 members, we don't get ads, and we get a heck of a lot more information. And it's more fun. And it costs nothing unless you want to help out with the expenses. And it costs less to run than Salon, too.

[clikker]

Hmmm... the article says that they seem to get 4 million visitors per month, but only 35,000 have subscribed.

That means that only .875% of viewers (that's 7/8 of one percent) pay for the service. I don't know which dictionary that Salon uses, but that hardly fits the definition of "sucessful", unless the subscription is inordinately expensive.

[supercat]

That means that only .875% of viewers (that's 7/8 of one percent) pay for the service. I don't know which dictionary that Salon uses, but that hardly fits the definition of "sucessful", unless the subscription is inordinately expensive.

Out of curiosity, I wonder how the number of monthly visitors to FR compares with the number of visitors who contribute $1/year or more?

[Psycho_Bunny]

"Subscriptions Now Represent 30% of Salon Revenue"

What's the other 60%? Child porn and prostitution ring?

[Psycho_Bunny]

"Our users have demonstrated their willingness to pay for unique, proprietary articles and Salon's point of view."

You should be thanking God for the inflexibility of the human body because, if they could physically get their heads up their butts, your users wouldn't have to pay to get your "point of view".

[Libertina]

if they could physically get their heads up their butts, your users wouldn't have to pay to get your "point of view"
Stop, my side hurts from laughing... ROTF!

[Timesink]

bump for Salon Deathwatch bump list