Once-revered Salon Media, which owns Salon.com, a landing ground for far-left conspiracy theories, has made arrangements to be sold on the cheap amid financial struggles.
“The struggling company said in a Securities and Exchange Commission filing on May 8 that it reached a deal to sell itself to a company called Salon.com LLC,” according to The New York Post.
According to the report, the media organization will sell for a total of $5 million, with only $550,000 owed to the buyer at closing. The rest of the payment – $3.85 million – will be made in installments over a two year period.
According to The Post, even though the sale will be completed, the filing warned of bankruptcy.
“There can be no guarantee that the asset sale will be completed and, if not completed, we may have to file for bankruptcy and liquidation,” the filing said.
The company will reportedly sell its assets after the final sale.
The site was launched in San Francisco in 1995 mostly by employees embattled in the newspaper strike at San Francisco Examiner, The Post saod. In 1999, it was valued at over $100 million and went public, but has been has lost money ever since.
Salon.com attempted to built its brand catering to millennial social justice culture, which apparently has not worked out. Other leftist news rags like BuzzFeed, HuffPost, and VICE, also facing financial hardship, already have this market cornered.
“Toxic masculinity is like ‘a chronic illness’ — but it doesn’t have to be terminal,” said a recent headline.
“So many men are miserable jerks. I should know — I used to be one too,” said another.
“After my abortion I felt relieved — and I’m in the majority,” said another.
Follow Peter D’Abrosca on Twitter: @pdabrosca
Like Peter D’Abrosca on Facebook: facebook.com/peterdabrosca
As Trump Leaves Office, Media Cites Ineffectiveness of Lockdowns and Democratic Leaders Display Eagerness to Reopen
Right on cue.
With President Donald Trump’s impending exit from the White House, many are starting to perceive pivots from Democratic leaders and the mainstream media on the ineffectiveness of lockdowns and the reopening of society.
For example, Newsweek ran an article Thursday titled “COVID Lockdowns May Have No Clear Benefit vs Other Voluntary Measures, International Study Shows.” The study, published in the European Journal of Clinical Investigation, found through a mathematical model that there was “no clear, significant beneficial effect of [more restrictive measures] on [COVID-19] case growth in any country.”
This is just one study, of course, so it may not reflect objective reality any more than one study which concludes that lockdowns saved “millions of lives.” But after getting bombarded with messages from the media that lockdowns were necessary—with the opposite message found only on explicitly conservative outlets like Big League Politics—it may seem too coincidental to see such a story while the changing of the presidential guard takes place.
Not only that, it also comes at a time when some Democratic leaders appear to be chomping at the bit to reopen restaurants, bars, and schools—after several months of harsh insistence that they all must stay closed in the name of “safety” and “public health.”
On Monday, for example, Governor Andrew Cuomo of New York called for the reopening of the state’s economy “smartly and safely.”
“We simply cannot stay closed until the vaccine hits critical mass. The cost is too high. We will have nothing left to open. We must reopen the economy, but we must do it smartly and safely,” Cuomo tweeted.
We simply cannot stay closed until the vaccine hits critical mass. The cost is too high. We will have nothing left to open. We must reopen the economy, but we must do it smartly and safely.#SOTS2021
— Andrew Cuomo (@NYGovCuomo) January 11, 2021
Mayor of Chicago Lori Lightfoot put out a similar call on Thursday, saying that bars and restaurants need to reopen “as quickly as possible” because it will help those businesses survive and reduce the number of large private parties and gatherings.
And incoming president Joe Biden recently pitched a $175 billion plan to return children to school, $130 billion of which would be for public elementary, middle, and high schools, the other $35 billion for colleges and universities. Many teachers unions stubbornly refused to return to in-person classes for the longest time, but now that Biden has come out in support of in-person classes, don’t be surprised to see them suddenly change their tune.
The left is so predictable, isn’t it?
Violent Left3 days ago
Leftist Thug Targets Roger Stone’s Handicapped Wife for Vicious Attack in Own Neighborhood
Congress4 days ago
Freshman GOP Rep. Nancy Mace Calls for Federal Investigations Against Pro-Trump Lawmakers
Congress3 days ago
Nikki Haley Announces Super PAC to Support Anti-Trump Incumbents with Big Corporate Money
Deep State3 days ago
MIT Professor Arrested for Allegedly Infiltrating Department of Energy on Behalf of Communist China
Around The World2 days ago
Ex-Soviet Leader Gorbachev: US Capitol Riot “Planned in Advance, And It Is Clear by Whom”
The Swamp4 days ago
Dan Crenshaw White Knights for Liz Cheney After Republicans Blast Her Support for Trump’s Second Impeachment
Free Speech3 days ago
SILENCING TRUMP: Jared Kushner ‘Intervened’ to Stop the President from Joining Gab, Parler
Tech4 days ago
WEAK EXCUSE: Twitter Oligarch Jack Dorsey Tries to Rationalize Banning Trump, Fails Miserably