Big Al did some background research concerning the source of the article posted above AND THE INFORMATION SHOWN BELOW IS WHAT HE DISCOVERED. GOES TO SHOW YOU JUST HOW IMPORTANT IT IS TO CHECK ALL INFORMATION SOURCES. HERE ARE HIGHLIGHTS OF WHAT IS POSTED ON THE WEB. Source: Wikipedia
“Salon is an American news and opinion website, created by David Talbot in 1995. It publishes articles on U.S. politics, culture, and current events and has a politically progressive, liberal editorial stance.[3][4][5][6]
Salon covers a variety of
topics, including reviews and articles about books, films, and music;[7] articles about
“modern life”, including friendships, human sexual behavior, and
relationships; and reviews and articles about technology, with a particular
focus on the free and
open-source software (FOSS) movement.
Salon was created in the
wake of the San
Francisco newspaper strike of 1994, by former San Francisco
Examiner arts and features editor David Talbot who wished to explore the
potential of Web.[17][18][17] It launched as
salonmag.com[19] in November 1995.
In its early days, readers noticed a specifically Northern California flavor.
In 1996, Talbot agreed: “We swim in the soup of San Francisco. There are a
lot of odd fish we’ve plucked out of the bay here and it gives us some of that
Left Coast, Weird Coast style.”[20] Time magazine
named it one of the Best Web Sites of 1996.[21]
Salon purchased the virtual community, The WELL, in April 1999 (switching to its current URI salon.com at roughly that time), and made its initial public offering (IPO) of Salon.com on the NASDAQ stock exchange on June 22 of that year.[22] Subsequently, for the month of October 1999, Nielsen/NetRatings reported that Salon had over 2 million users.[23]Salon Premium, a pay-to-view (online) content subscription was introduced on April 25, 2001. The service signed up 130,000 subscribers and staved off discontinuation of services. However, in November 2002, the company announced it had accumulated cash and non-cash losses of $80 million, and by February 2003 it was having difficulty paying its rent and made an appeal for donations to keep the company running
Business
model and operations[edit]
Salon has been unprofitable through its entire history. Since 2007, the company has been dependent upon repeated cash injections from board Chairman John Warnock and William Hambrecht, father of former Salon CEO Elizabeth Hambrecht.[30][31][32][33] During the nine months ending in December 31, 2012, these cash contributions amounted to $3.4 million, compared to revenue in the same period of $2.7 million.[34] In December 2016 and January 2017, the company was evicted from its New York offices at 132 West 31st Street, a block from Madison Square Garden, for non-payment of $90,000 in back rent.[35][36] In February 2017, Spear Point Capital invested $1 million into Salon, taking a 29% equity stake and three seats on the company’s board.[37] As of April 2019, the company had failed to file its form 10-K for the fiscal year ending March 31, 2018. On Aug 30th, 2019 Salon.com was sold for $5 million by Salon Media Group (OTCQB: SLNM) to privately held Salon.com, LLC which is owned by Chris Richmond and Drew Schoentrup.[38][39]“