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.

Quote:

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.