It’s not easy being unprofitable

It’s not easy being unprofitable: According to the LA Times, being a public company makes Salon’s misfortunes more difficult. However, I would like to point out that no matter the corporate structure, losing tens of millions of dollars is likely not pleasant.


It’s as if Salon has come around, in the end, to the very financing model followed by similarly idiosyncratic print magazines: Find a well-heeled backer who will keep the operation going as an expression of noblesse oblige, as Martin Peretz does the New Republic and David Bradley does the Atlantic.

  • Lewis Pennock

    speaking of, salon has some pretty good covereage of the coverage of their demise (is that double meta?) here.