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Salon Lives… on $800 Million?

From Mac Net Journal comes this:

CNET notes that Salon has received more funding to the tune of $800 million, which hopefully will be enough to keep the online magazine alive for a while. Now let's hope the site can reach its goal of breaking even, which would be a win for selling quality writing and reporting online.

If they can't exist for a decade even on $800M, they deserve to be taken offline and beaten with large plastic spatulas for the remainder of that decade. $800M is a helluva lot of money. Mac Net Journal got it wrong: it's $800,000, not $800,000,000. Big difference. In the words of a friend of mine, "that's almost three orders of magnitude difference." 🙂 As for how I feel about Salon, well, I have their RSS feed in NNW, but every day I consider removing it.

5 Responses to "Salon Lives… on $800 Million?"

  1. $800 million? *faints*

    You could run a small country on $800 million dollars. Jeeze. They've got some serious management problems if they don't last another decade, like you said.

  2. My suspicion is that figure is probably exaggerated. Anyway. I'm glad they'll be around awhile. Yes, they have a definite ideological slant, but then, so does Fox News...

  3. Actual figure was $800,000. Someone (majorly) misplaced a decimal point.

  4. RTFA 😉

  5. Isn't that exactly three orders of magnatude difference? Unless we're comparing 800 kilobucks to 800 megabucks? 😉


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