Salon Lives… on $800 Million?
Posted March 28th, 2003 @ 08:24pm by Erik J. Barzeski
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.
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Posted 28 Mar 2003 at 8:39pm #
$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.
Posted 28 Mar 2003 at 9:34pm #
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...
Posted 28 Mar 2003 at 9:39pm #
Actual figure was $800,000. Someone (majorly) misplaced a decimal point.
Posted 28 Mar 2003 at 10:00pm #
RTFA 😉
Posted 29 Mar 2003 at 3:11am #
Isn't that exactly three orders of magnatude difference? Unless we're comparing 800 kilobucks to 800 megabucks? 😉