Buh-bye, Salon.com? Business Insider predicts site will ‘disappear’ next year
http://t.co/xVzeW5TZ will "disappear in 2013" http://t.co/6dFvRRSP Excellent work, @joanwalsh!
— Cuffy (@CuffyMeh) June 22, 2012
Salon.com was launched in 1995, but Business Insider suggests the progressive website may not make it through 2013.
In a sign that Salon is very close to being shuttered, the company “lost” its CEO and CFO recently. Chief technology officer, Cynthia Jeffers, was put in charge. But Salon will need a great deal more than new management. At the end of the final quarter of 2011, Salon had $149,000 in the bank against short-term liabilities that included $12.7 million in loans. During the same quarter, Salon lost $997,000 on revenue of $1.03 million.
https://twitter.com/deadlyestrogen/status/216126359615975424
Is it too early to hold the wake?