Intermarkets' Privacy Policy
Support


Donate to Ace of Spades HQ!


Contact
Ace:
aceofspadeshq at gee mail.com
Buck:
buck.throckmorton at protonmail.com
CBD:
cbd at cutjibnewsletter.com
joe mannix:
mannix2024 at proton.me
MisHum:
petmorons at gee mail.com
J.J. Sefton:
sefton at cutjibnewsletter.com


Recent Entries
Absent Friends
Bandersnatch 2024
GnuBreed 2024
Captain Hate 2023
moon_over_vermont 2023
westminsterdogshow 2023
Ann Wilson(Empire1) 2022
Dave In Texas 2022
Jesse in D.C. 2022
OregonMuse 2022
redc1c4 2021
Tami 2021
Chavez the Hugo 2020
Ibguy 2020
Rickl 2019
Joffen 2014
AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published. Contact OrangeEnt for info:
maildrop62 at proton dot me
Cutting The Cord And Email Security
Moron Meet-Ups






















« Peacock of CNN, Jim Acosta, Spreads Misquote on Twitter, Then, When It Is Proven Conclusively That He Is Spreading Fake News, Doubles Down on the Lie | Main | Trump Puts Another Conservative Judge on the Leftist Ninth Circuit; May Flip the "Ninth Circus" to Republican by 2020 »
May 17, 2019

Salon Begs For Someone to Buy It for $5 Million; Threatens That It Will Liquidate if No Anti-White Knight Can Be Found

Lulzzzzzzz.

They might have found a buyer, though.

Salon Media Group, a one-time digital darling, has fallen on hard times. It lost its CEO of the past three years last week and appears to be on the brink of a deal to sell itself for a fire sale price of $5 million.

This amount wouldn't even have to be paid up-front -- supposedly $500,000 has already been paid, with another $550,000 due at closing, with the balance to be paid over two years.

Even with those favorable terms, Salon issued a dire warning in the filing: "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."

Also: they're in trouble with the SEC.

The SEC is also threatening to delist the penny stock for failure to file financial disclosure documents for more than a year. The company said it expected to be in compliance with SEC filing rules by June 7, but acknowledged that was way past the 15-day deadline the SEC had imposed.

Woke-Broke. The iron law of media and business. Even thought Salon was designed to appeal to the niche #Woke market, it's always been on the edge of bankruptcy, kept going only by "investments" by left wingers which were actually just donations.



digg this
posted by Ace of Spades at 03:08 PM

| Access Comments




Recent Comments
JQ: "Closest old roller rink to here, has been converte ..."

Casino: "It's a pity you don't have a donate button! I'd ..."

Skip : "There were a couple roller rinks around here. Good ..."

Farmer, with his own historical take: "Solidified my commie hatred, too. But the nuns got ..."

teen masturbation webcams: "It can often be somewhat additional complicated as ..."

JQ: "Good skating music. youtube.com/watch?v=n3qQtSR ..."

JQ: "Wow. So sad that Vic is *still* not on The List. ..."

JQ: "Ahhh, Skate World... I remember being "amped up ..."

sex dolls for women: "Reading Mandela’s Long Walk To Freedom befor ..."

JQ: "Really, MammaB? Oh, that's just... well, church ..."

masters of sex cast: "Do you want to squeeze some more time out of the w ..."

MammaB: "There was an excellent one in Springfield, OR. Ska ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64