Posted on 08/19/2002 2:47:38 PM PDT by Drango
But seriously, good job!
Lexus Renews Major Sponsorship of Salon.com for Fourth Straight Year
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Aug. 16, 2002 | SAN FRANCISCO, Aug. 16 /PRNewswire/ -- Salon Media Group, Inc., (Nasdaq: SALN) (http://www.salon.com ), a leading new media company, today announced that Lexus, one of the world's leading luxury automobile companies, has renewed its exclusive content sponsorship for the fourth straight year. Team One, Lexus' advertising agency, negotiated the comprehensive sponsorship agreement, including the placement of online advertising and offline components. Financial terms were not disclosed.
As part of the renewal, Lexus will sponsor "Masterpieces," an exciting new weekly series appearing in Salon Arts & Entertainment in which esteemed critics will write about great works of art -- how they were made, the initial reaction they received and how they finally became classics. "Masterpieces" will encompass literature, film, music, theater, dance, paint and sculpture. Lexus will also continue its sponsorship of Salon's highly acclaimed weekly series "Brilliant Careers," which offers readers intelligent, in-depth essays on the lives of the most influential figures of our time.
"We're delighted to extend the Salon-Lexus partnership for the fourth year in-a-row," said Michael O'Donnell, CEO and president of Salon Media Group. "Lexus and Salon are kindred brands, both representing the highest quality and appealing to the same group of discriminating, upscale customers. Through continued sponsorship of Salon's award-winning content and offline events, Lexus continues to cultivate an ongoing relationship with our influential audience."
Salon.com and Lexus are currently planning the third annual Brilliant Careers event, a modern day salon discussion of contemporary arts and entertainment at San Francisco's Yerba Buena Center. Scheduled participants for this year's event to date include: Oscar-nominated film Director and screenwriter, Phil Kaufman; Actor/comedian/musician, Harry Shearer; Musician and technology trailblazer, Thomas Dolby Robertson; Author/poet/screenwriter, Sherman Alexie and music technology pioneer, Robert Moog.
prevision????
powells.com is an ultral liberal bookstore, to the left of Salon in other words.
Old man Hambrecht is one of Salon's largest investors.
Also, it's not really the NY Times. I've called 'em and its some group selling the electronic edition.
Freep ON!
Trust all's well????
FGS
SAN FRANCISCO--(BUSINESS WIRE)--Aug. 21, 2002--Salon Media Group, Inc. (Nasdaq:SALNC - News), received notice from NASDAQ that its common stock will continue to be listed on The NASDAQ SmallCap Market via an exception from both the bid price and market value of publicly held shares requirements. While Salon Media Group, Inc. did not satisfy the bid price requirement on August 13, 2002 and failed to satisfy the $1,000,000 of publicly held shares requirement for the 30 consecutive trading days ended August 9, 2002, the temporary listing was continued subject to Salon meeting certain conditions.
On or before November 11, 2002, the company must satisfy the market value of publicly held shares requirement and immediately thereafter evidence compliance for a minimum of ten consecutive trading days. In addition, on or before February 10, 2003, the company must demonstrate a closing bid price of $1.00 per share and immediately thereafter evidence compliance for a minimum of ten consecutive trading days.
In the event the Company is deemed to have met the terms of this exception, it shall continue to be listed on The NASDAQ SmallCap Market. The Company believes it can meet these conditions, however, there can be no assurance it will do so. Salon intends to seek shareholder approval of a range of possible reverse stock splits. If at some future date the Company's securities should cease to be listed on The NASDAQ SmallCap Market, they may continue to trade on the OTC-Bulletin Board. For the duration of any grace period, the Company's NASDAQ symbol will continue to be SALNC.
"We're obviously pleased to have received this extension from NASDAQ," said Michael O'Donnell, Salon's CEO & President.
"Safe Harbor" Statement under the U.S. Private Securities
I gather this is not uncommon, or at least not unprecedented??? There wouldn't be any chicanery going on under the bleachers from some long-ball-hitters...nah!
"We're obviously pleased to have received this extension from NASDAQ," said Michael O'Donnell, Salon's CEO & President.
Spect he is ; ) Maybe they'll be around long enough for him to change his panties.
FGS
You're right about FR; the site has morphed some over the years. When I first found this place in late '98, it almost had the ambience of the Brits upper house. Very civil, but also a little stuffy for my tastes ; ) I don't mind a good pi$$in' contest occasionally, but when it regularly substitutes for thoughtful discussion, it becomes counter-productive. Not to mention being a pain.
All's well here; thanks for asking.
Your bud,
FGS
Trying to get the ad to "POP" up when you want to show it to the company is pretty frustrating!
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