In these precarious financial times in an America currently governed from the economic left, it’s only fitting that a historic left-wing online edifice has fallen on its toughest times to date.
From the Wall Street Journal:
Salon.com is exploring opportunities to merge with or be acquired by another media company, an acknowledgment of the perilous economics of running a free-standing online news organization.
The site was a pioneer in online news, and has endured as a source of high-brow political and cultural coverage and commentary. But 15-year-old Salon has been unable to stanch its red ink. Salon Media Group Inc. has racked up net losses of more than $15 million in the past five years, with nearly a third of that coming in the fiscal year ended March 31, 2010.
Read the full article here.