Showing posts with label online economic difficulties. Show all posts
Showing posts with label online economic difficulties. Show all posts

Tuesday, November 30, 2010

Salon.com open to merger to staunch red ink

Salon.com, the 15-year-old news site, has let it be known that it is open to a merger. The development highlights just how difficult it is for a free-standing news site without a media partner to be economically viable. Salon is said to have lost about $15 million, a third of that in the last year. Will the brand be enough that some other entity will want to take on all that debt? Hard to say.

I certainly hope that Salon will remain viable to keep on posting Glenn Greenwald's almost always invaluable material on civil liberties and secrecy -- although I'm pretty sure Glenn will ctch on elsewhere if Salon goes belly-up. Salon does have other good stuff (as well as some not-so-good), so that would be a pity.