Salon on the ropes

[Brett_Tabke]

An article [sfgate.com] on SFGate is reporting that Salon may be flat out of money by the end of the month. Tipped off by researchbuzz.com

[martinibuster]

I used to work in the same building that Salon was located in. They were about two floors up. 200k rent is insane for the amount of space they were renting.

If they had enough business sense they'd do what Red Herring did, and sell themselves to their largest investor, move out of their digs in the middle of the night, and give their landlord the bird.

Red Herring, also based in San Francisco, announced a major reorganization, selling its assets to a newly created corporation, RHC Media, to shed sizable debt. Here [sanjose.bizjournals.com].

[Crazy_Fool]

you're not turning webmasterworld into another f*ckedcompany.com type site are you brett? :)

[WindSun]

There was some story I read a couple months ago on how they were getting close to being broke. When asked about the super high rent they were paying for what could essentially be run out of an Ohio farmhouse barn, the interviewer was told it was a matter of "image"....

[mivox]

That's what I wondered when I read an article on that... why in heavens name are they renting offices at that rate when it could be run out of the editor's spare bedroom? That "image" really got them far, no?

Definitely one of those situations where you look at where their money is going, and feel absolutely no pity for their failure.