Salon.com Is Going out of Business ????

31

Another nasty, smear rag bites the dust.

Salon.com Is Going out of Business and That Means Our National Politics Are Healthier Than We Thought

By Red State, May 17, 2019:

Sometimes when a company implodes you feel sorry for the people who are losing their jobs. Sometimes, however, it is very, very difficult to do so. This week, the New York Post reported on one of those instances where a company fails and you have an urge to send “Learn to Code” memes to every single one of their employees.

Salon Media Group, a one-time digital darling, has fallen on hard times. It lost its CEO of the past three years last week and appears to be on the brink of a deal to sell itself for a fire sale price of $5 million.

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The struggling company said in a Securities and Exchange Commission filing on May 8 that it reached a deal to sell itself to a company called Salon.com LLC.

The filing contained no further info on the mystery buyer or buyers but said the deal would only require a $550,000 payment at closing. It said $100,000 would go to an escrow account and $500,000 was already paid as a deposit.

The remaining $3.85 million would be a promissory note payable in two installments over two years.

Even with those favorable terms, Salon issued a dire warning in the filing: “There can be no guarantee that the asset sale will be completed and, if not completed, we may have to file for bankruptcy and liquidation.”

Keep in mind that it went public in 1999 with a valuation of $107 million.

Apparently they are being bought by the same couple of guys, Chris Richmond and Drew Schoentrup, who made a run at buying Snopes.com in 2015 and nearly put it out of business. Salon, now a penny stock, is about to be delisted by the SEC because they haven’t filed any disclosure statements in over a year.

“We think we can turn a profit in year one,” Richmond said.

Yep. We’ll continue to loose a little bit on each transaction but we’ll make it up with volume.

The advertising market for political websites is tight and Salon had lost money nearly every quarter since it was founded. It was only kept afloat by gifts from a couple of wealthy leftists. If you take a look at it now, it carries very little advertising and the content is utter crap. Bottom line: it was never intended as more than a welfare system for otherwise unemployable progressive writers.

Whatever its value in its early years…and that was marginal…has been erased by hatemongers like Amanda Marcotte and by its relentless campaign to normalize pedophilia, for instance:

This is how it was described by The Daily Beast:

[H]onorary mention must collectively go to the once-interesting Salon.com, which now reads like the Evergreen College student newspaper. At a loss for what to write about? How about undergraduate analyses of popular culture through the prism of race, class, and gender? Is Breaking Bad sending coded messages of white supremacism? Is liberal comedian Patton Oswalt a racist? How about a helpful analysis of The Legend of Zelda, a video game celebrating its 15th anniversary, which concludes that “the ways it deals with class, race, gender and animal rights are all deeply problematic.” (The same writer followed up with an apparently serious column on the best “video game for vegans”).

Odds are that Salon will not survive. And that, alone, helps convince even the hardest heart that there is a sense of cosmic justice.

Photo: wikipedia
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SeRiOuSLy!!??
SeRiOuSLy!!??
4 years ago

YES!!

Suresh
Suresh
4 years ago

Its Great to hear them crash and burn as their candidate no longer rule AMERIca. but EU is a mess

Left/Liberal pro-jihadis/anti-nationals politicians/media are corrupt paid shills for islam . paid by saudi/qatar/OIC

Merkel govt funded Pro-jihadi Left/Liberals run propaganda to create more sex slaves out of little children like in UK https://tinyurl.com/yd9jo5mf

Do these scumbags have any conscience ?

Cynthia Campbell
Cynthia Campbell
4 years ago

Good news indeed. Now if that miserable leftwing rag Rolling Stone bites the dust (I’ve heard they are tanking as well) I hope they take phony ‘journalist’ Amanda Robb (Hillary Clinton’s personal hit-person and tireless defender of pedophilia and child sex traffickers) with them.

felix1999
felix1999
4 years ago

Rolling Stones glorified the Boston Marathon brother, Dzhokhar Tsarnaev. His older brother died in s dhoot out with the police. Dzhokhar Tsarnaev, convicted of 30 federal charges in the 2013 bombing at the marathon finish line that killed three people and injured more than 260. They tried to present this murderer as a dreamy teenager and of course he was the “victim”. Even Russia warned Robert Mueller, then head of the FBI, about this Muslim family from Russia being problematic. Our FBI “investigated” them and didn’t see a problem. Of course they didn’t see a problem. The idea was to murder and maim as many as possible. Robert Mueller served as the sixth Director of the Federal Bureau of Investigation from 2001 to 2013.

http://3.bp.blogspot.com/-WXdky4vKqVY/UebcUjPf0bI/AAAAAAAAIvM/iDk2Wc0z8xE/s1600/bomber2.jpg

ed
ed
4 years ago
Reply to  felix1999

Yup….”Mr. Integrity”, Bob Mueller……

Achmed Mohandjob
Achmed Mohandjob
4 years ago

Has anyone ever heard of Salon?

felix1999
felix1999
4 years ago

I have. Lefty dribble.

felix1999
felix1999
4 years ago

It’s about time that leftist POS went out of business.
comment image

Trevor Fortune
Trevor Fortune
4 years ago

Yep. We’ll continue to loose a little bit on each transaction but we’ll make it up with volume.
This is the economics of a moron. We lose on every transaction but if we lose enough we’ll come out in front?

SK
SK
4 years ago
Reply to  Trevor Fortune

I caught that also. I was like huh?

Justin Truedope
Justin Truedope
4 years ago
Reply to  Trevor Fortune

That’s one of the basic tenets of Alexxi Ocrazio-Cortex’s “Social-progressive Theory of Economics”! LOL 😉

Rick Gouveia
Rick Gouveia
4 years ago

Obama cash has run dry; Obama pumped millions into MSM through the Propaganda & Disinfo Act.

Alleged-Comment
Alleged-Comment
4 years ago

Googlue and Fakebook will be VERY ANGRY now. Expect them to double-down on conservatives and Republicans. They have an election to screw against the orange man.

John Acord
John Acord
4 years ago

Almost all of the enemedia from CNN to the NYT, Boston Globe, Los Angeles Times, Rolling Stones, and many others are on financial life support. Time magazine’s circulation has plummeted to less than 1.5 million. All are in a rapid descent and only kept alive by Leftist corporations and billionaires who subsidize advertising and staff costs. It’s just a matter of time before ATT, the new owner of CNN,wakes up and either changes the format of CNN or shutters it.I bet the former is more likely.

Htos1av
Htos1av
4 years ago
Reply to  John Acord

“It takes a $oro$”.

Billary Clinton.

Madmotorman™ ® The Mad Hatter
Madmotorman™ ® The Mad Hatter
4 years ago

Well he’s got 600 million up for grabs.

Drew the Infidel
Drew the Infidel
4 years ago

Don’t you just love the wonders and workings of a free market economy?

The two keys to a successful business model is to outwork the competition and to offer something the competition does not. You know, like Trump’s campaigning as opposed to Hillary’s?

Is Politico next?

Htos1av
Htos1av
4 years ago

Bwahahahahahahahahahahahahahahahahahaghahahahahahahahahahahahahahahahahahahahahaah…………..

Chet
Chet
4 years ago

Man, we’ll surely lose sleep over this…

James
James
4 years ago

Schadenfreude

comment image

ed
ed
4 years ago
Reply to  James

HA HA !!!

MAS
MAS
4 years ago

Get woke, go broke. The free market at work, but the leftists will never learn from it…

joe shmoe
joe shmoe
4 years ago

learn to code

BoboBell
BoboBell
4 years ago

Leftism only sells well to leftists, who have to live off everybody elses dollar and can’t keep themselves afloat.

You didn't build that.
You didn't build that.
4 years ago

Rotten fish doesn’t sell.

HoiPolloiBoy
HoiPolloiBoy
4 years ago

Amanda Marcotte and the fools at Salon that publish her Bee Ess deserve this.

“I don’t particularly like babies. They are loud and smelly and, above all other
things, demanding. No matter how much free day care you throw at women,
babies are still time-sucking monsters with their constant neediness.”

– Amanda Marcotte

Badger
Badger
4 years ago

I think I looked at it once, following a link, and never bothered with it again. Good riddance.

ChoiceAmerica
ChoiceAmerica
4 years ago
Reply to  Badger

Ditto.

Roland
Roland
4 years ago

Without government intervention, most liberal media outlets would be shuttered. It’s the only way they can spread their insanity and our government supports some of it. Rush has been on the air for 30 years with no gov help. How long did AirAmerica, the liberal’s answer to Rush, last? Not even a year. They take a minority position and spread it around like it is the way everybody should think. Most people just want to go along with the flow and not make waves, so they follow what is supposedly popular, as promoted by the lame stream media.

Worsethanitlooks
Worsethanitlooks
4 years ago

This won’t be the last progressive-pandering media business to fail. Uber-left media companies are so sure they are right about everything that they have failed to see the obvious. Alienating conservative viewers is simply a bad business decision. The reason why right-leaning Fox News has a larger audience than MSNBC and CNN combined is because Fox also has a significant left-leaning audience. While they may not admit it, lots of leftys watch Fox regularly but few conservatives frequently watch CNN and MSNBC. I guess it’s easier to predict when global warming will end life on earth then to figure out how to convince gun-loving intellectually inferior folks to tune in.

Dan Knight
Dan Knight
4 years ago

good riddance …

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