"Raise Rush Limbaugh's Blood Pressure! Keep Salon in Business!"

Salon.com ^ | 22 February 2003 | David Talbot

[Bob J]

The smell of desperation hangs in the air...

[F.J. Mitchell]

It's called survival of the fittest, good bye and good riddance Salon.

[js1138]

Any organization that advises America on how to run itself ought to be able to run itself. That means having a business plan.

[Antoninus]

Currently trading at $0.035. A half million bucks buys the whole operation.

Hey, maybe we can have a "Buy Salon.com" Freepathon!

[litany_of_lies]

At $500,000, it's way overpriced.

Salon's net worth was about $5 million at Sept. 30, 2002, only because it has burned through $85 million in capital since inception.

Based on the Sept. 30 quarter's results, it has annual sales of about $4 million and costs of about $10 million. So it's used up about half of the remaining net worth as of today, and it will all be gone by July. Absent new capital, they will shut down before then, because you can't pay bills with "Prepaid Advertising Rights" (a $5.7 million asset that the company warns may have to be sold at a discount), Property and Equipment (about $1 mil), or intangible assets ($734,000).

Companies can remain zombies for quite awhile, as long as no one forces them into bankruptcy or makes a credible threat to do so. Salon has been zombie longer than most, because idiot-liberal investors have poured more money into it, and no one vendor or supplier is big enough to want to go to the trouble of forcing the issue. The fact that they are behind on the rent ($200,000 a month, I think) may very well change that.

I believe Salon's principal motivation the past 2 years has been to make the company last at least well beyond the Clinton presidency, to keep its demise from being associated with him. Remember, Slick Willie held up Salon as a pioneer of the Internet Age when it first debuted, and it was absolutely shameless during impeachment.

[weegee]

For the cost of a case of Iron City Beer you can be a major stock owner of Salon.

Yeah but you could kill more braincells with Salon.

[weegee]

Some animals are more equal than others.

They want a socialist government to take all of their money because otherwise they can't stop themselves.

[Sapper26]

With the way things are now in the world, I really rely on you people to give the news that I perceive to be the truth.

A very interesting choice of words.

[HighWheeler]

Notice also that salon has never paid income taxes either.

How can they say we don't need a tax cut? They would not be affected. They are complete hypocrits.

[FreedomPoster]

I love it every time I see that chart.

[Havoc]

Currently trading at $0.035. A half million bucks buys the whole operation.

We should group together here on FR. Do them a favor - buy it, fire the staff and turn it into a Conservative mag. LOL.

[FrankR]

Sounds like the last hurrah of a dying breed to me.
As far as Rush is concerned, Salon is just a gnat buzzing around his face...and I was once told the best way to get gnats out of your face, was to cut a hole in the seat of your pants.

[graycamel]

You aren't traveling north often enough

It's cold enough in Missouri. LOL.

[steve-b]

Last week's flurry of news stories about Salon's imminent demise produced another wave of hate mail from those eager to dance on our grave.

Actually, "dance" wasn't the verb that came to mind.

[Enterprise]

I can't recall any specific quote about Salon from Rush either. If he did say something, it was probably dismissive. I just thought it iroic that in order to try to save itself, Salon brought up Rush's name. I doubt that Salon ever had praise for Rush, but as a life preserver, a drowning man, too, will grasp at whatever he needs to stay afloat.

[Enterprise]

sorry, iroic = ironic