[TheWrap] Salon Media says they have reached an 11th hour deal to sell the company and its flagship property Salon.com (a leftist pub which began in the 90s and has been kept alive by frequent donations by rich lefties despite running up at least $100M in losses) for $5 million. In an SEC filing, Salon also revealed its position was dire and that it would face imminent "bankruptcy and liquidation" if the deal should fall through.The business plan of
"let's get people to subscribe so they can get more leftist opinions than they can get from CNN, etc. for free and we can hire a lot of writers and pay them almost nothing as long as we stroke their ego every now and then"
didn't seem to work.
Ahahahahahahahaha *wheeze* hahahahahahahah