if i only knew...

Salon blues

Oops, the end of Salon? SFGate reports that salon can't pay it's rent, and is in deep financial trouble... meaningful quote from the article: "Salon reported a loss of $1.3 million on $1.1 million in revenue in the last quarter of 2002. (...) Over the years, Salon has accumulated losses of $81 million."

Yikes. I loved Salon, even though i stopped reading it regularly quite a while ago... but i just cannot comprehend how they could let those figures happen. I once worked for a dotcom who burnt through 3 million US$ cash in half a year and then went bust because investors stopped putting money in it. The key phrase being "investors stopped putting money in it". After 3 million. Not 81 million.