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Salon Lays Off 20% of Editorial Staff

Authored by Mark Hefflinger on August 18, 2009 - 11:47am.
San Francisco - Online magazine Salon.com has laid off six of its editorial staff -- or about 20% of its total team -- including three editors, a writer, photo editor and producer, Gawker.com reported. "We are moving away from a very traditional magazine production model and becoming more of a true Web publication, with a more direct publishing system" that will launch in the fall, Salon CEO Richard Gingras told Gawker. "We think this direction makes us a stronger company, and puts us in a good position to not just weather the economic storm but emerge much stronger than ever."

tags: Layoffs | News | Publishing | Salon.com |

Salon Debuts Member-Generated Content, Enables Tipping

Authored by Mark Hefflinger on August 11, 2008 - 12:21pm.

San Francisco - Online magazine Salon.com on Monday announced the launch of a network of member-generated content, Open Salon, which will allow bloggers to receive payment in the form of "tips" from appreciative readers. The service's online payments technology will be powered by Revolution MoneyExchange. The company said the best submitted posts will appear on the home page of Salon.com.

tags: Publishing | Salon.com | User-Generated | Open Salon |

Online Magazine Salon.com Looks to Sell Community Site The Well

Authored by Mark Hefflinger on August 17, 2005 - 9:08am.
San Francisco -- Online magazine Salon.com is looking to sell The Well, the long-standing online community and e-mail service provider it purchased in 1999, the company said in an SEC filing. "We're diluting both our management and our resources by focusing on two brands," Salon CEO Elizabeth Hambrecht told News.com. "Finding another owner for The Well that will give it the resources it requires and deserves is the way we'd like to approach this. We're not looking for the first buyer out there -- we're looking for a good match." San Francisco-based Salon said paid subscribers to the ad-free, premium version of its news site have actually dropped, from 20,900 a year ago to 15,300 in June 2005; subscription revenue from its recent quarter was about $500,000, while the company's overall revenue for the quarter fell from $1.7 million last year to $1.6 million.
tags: Deals | Salon.com | Community Site | The Well |

Online Magazine Salon.com Gets New CEO, Editor in Chief

Authored by Mark Hefflinger on February 10, 2005 - 2:43am.
San Francisco -- Salon Media Group, the publisher of online magazine Salon.com, announced on Thursday that founder, CEO and editor in chief David Talbot has stepped down from his positions. The company named Salon president and CFO Elizabeth Hambrecht to succeed Talbot as CEO, and Joan Walsh, former senior vice president of editorial operations, as the publication's new editor in chief. Talbot will retain his role as chairman of the board, and said he plans to work on a book about John and Robert Kennedy. "It's an excellent time for me to move into a new role," said Talbot. "Betsy and Joan have been part of the leadership team that brought Salon new fiscal and editorial life, and I'm proud to be able to leave Salon in their hands." The company also reported its first-ever profit of $400,000 for its third quarter ended Dec. 31, compared to a loss of $400,000 during the same period a year earlier. Salon reported 89,100 paying subscribers to its premium service, compared to the 73,700 it counted a year ago, and said advertising revenues increased 124% to $1.3 million.
tags: Internet | Magazines | CEO | Salon.com | Editor |

Online Magazine Salon.com Gets $800,000 Investment

Authored by Mark Hefflinger on January 15, 2004 - 3:18am.
San Francisco -- Online magazine Salon.com announced on Thursday that it has received an investment of $800,000, from Rolling Stone magazine founder Jann Wenner and Adobe Systems co-chairman John Warnock. In addition, Salon will partner with Rolling Stone on a series of articles on the upcoming presidential election, and Wenner will take a seat on Salon's board of directors.
tags: Internet | Magazines | Salon.com |

Online Magazine Salon.com Raises $800,000 in New Financing

Authored by Mark Hefflinger on March 28, 2003 - 3:52am.
San Francisco -- Salon Media Group, which operates the struggling Salon.com online magazine, announced on Friday that it has raised $800,000 in new financing, led by existing investors Bill Hambrecht and John Warnock. The site recently began offering its content only through a paid premium subscription, or else to visitors willing to click through an interactive ad in exchange for a "day pass" to the site. San Francisco-based Salon, which also announced that its subscription service has surpassed 60,000 subscribers, said the funds were necessary to continue operations. "We hope this funding gives current and prospective subscribers renewed confidence," said Salon president and CEO Michael O'Donnell. "We also believe this will boost our advertising sales as agencies and clients evaluate major media campaigns to run on Salon."
tags: Internet | VC | Magazines | Website | Salon.com |