Friday, February 14, 2003
AP Wire | 02/14/2003 | Salon warns it may not survive beyond February

"Online magazine publisher Salon Media Group Inc. on Friday warned that it may not survive beyond this month if it can't raise more money to pay its rent and other bills.

The San Francisco-based company painted a grim financial picture in a quarterly report filed with the Securities and Exchange Commission.

Things are so bad, Salon said, it stopped paying rent for its San Francisco headquarters in December, prompting the landlord to issue a Jan. 29 demand for a $200,000 payment."

Put up or shut up folks.  If you think Salon is worth anything, they need your support now.

[via Drudgereport]


Salon From Wozz
Permalink  comment []