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Friday, January 16, 2004
Just think how much they could save if they dropped Sullivan? Okay, they'd only blow it on a latte, but still...
Salon gets another reprieve:
San Francisco's Salon Media Group, which publishes the innovative but money-losing Internet magazine Salon.com, on Thursday said it has secured $800,000 in new financing from Rolling Stone founder Jann Wenner and Adobe Systems founder and co-chairman John Warnock.
Here's the better news:
Wenner invested $200,000, and will join Salon's board. The two publications will collaborate on six investigative pieces about the 2004 presidential campaign and the Bush administration. The first piece will appear simultaneously in print and on the Web within the next month, according to David Talbot, Salon founder, editor in chief and chief executive officer.
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