BUSINESS
February 24, 2003 | Michael Hiltzik
Salon.com is the type of enterprise that by its character attracts far more media attention than its size alone would warrant, like Pixar Animation Studios or Krispy Kreme Doughnuts Inc. We're talking, after all, about a company with $4 million in annual revenue, delisted shares trading in the low hundredths of a point and no record of profit, ever.
BUSINESS
April 26, 2001 | Reuters
Salon.com launched a subscription service that offers premium content, including what it calls "erotic art and photography," for a $30 annual fee. The premium service is designed to bring in additional revenue for Salon, which has depended mostly on advertising to support its free Internet magazine. Salon's business has suffered along with many Internet content sites, which have lost some of their original dot-com advertisers.
BUSINESS
December 11, 2000 | CHARLES PILLER
'Pure-play" news and information Web sites--exclusively online rather than offshoots from print or broadcast journalism--often seem to model themselves on USA Today: Most stories work best in a few paragraphs, plus a colorful chart. Such sites, which are all bright lights and colored buttons, engender a click-here culture that tends to parse, summarize or list-ify everything, leaving little screen real estate for reflection.
BUSINESS
October 4, 2000 | Reuters
The chief of struggling Internet media company Salon.com called on his Web media peers to share marketing efforts with the goal of limiting their reliance on online advertising services firms and cutting costs. "I do think it's silly for us to keep reinventing the wheel," Salon.com Chairman and Editor in Chief David Talbot told an audience of Internet professionals at a New York conference.
BUSINESS
June 8, 2000 | Bloomberg News
Salon.com, which runs a money-losing Web news magazine, unveiled plans to fire 13 employees, or about 9% of its work force, in a bid to cut expenses by 20% and move toward profitability. San Francisco-based Salon.com also said it plans to spend less on freelance writers and marketing. The plans were announced after the close of regular U.S. trading. Salon.com shares, which have fallen about 58% this year, rose 9 cents to close at $2.13 on Nasdaq.
BUSINESS
April 8, 1999 | GREG MILLER, TIMES STAFF WRITER
The Well, a small Bay Area company that pioneered the now-widespread concept of online discussion communities, has been acquired by Salon.com, a leading Internet magazine. Terms of the deal were not disclosed. Salon purchased the Sausalito-based company from Rosewood Stone Group, an investment firm headed by Bruce Katz, the founder of Rockport Shoes.