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Get woke... go broke.

Posted on 5/15/19 at 10:31 am
Posted by CleverUserName
Member since Oct 2016
12648 posts
Posted on 5/15/19 at 10:31 am
LINK

quote:

Salon Media Announces $5 Million Sale, ‘Bankruptcy and Liquidation’ Threatened If Deal Fails

“We have agreed to sell substantially all of our assets,” the company says in a SEC filing

Salon Media says they have reached an 11th hour deal to sell the company and its flagship property Salon.com for $5 million. In an SEC filing, Salon also revealed its position was dire and that it would face imminent “bankruptcy and liquidation” if the deal should fall through.

“We have agreed to sell substantially all of our assets (the “Asset Sale”), including all pertinent intellectual property rights comprising the Company’s business of owning, operating and publishing the website known as Salon.com,” the filing read.

The company buying Salon was named only as Salon.com LLC and appeared to be getting an even better deal than the top line figures first suggest. To complete the sale, the buyer need only pay $550,000 at closing, with an additional $100,000 left in an escrow account. The filing also showed that a deposit of $500,000 had already been paid



Posted by OldmanBeasley
Charlotte
Member since Jun 2014
9702 posts
Posted on 5/15/19 at 10:36 am to
Wow like thanks Trump, where am I going to go to find the most unbiased and factual news reporting now. I just can’t even right now
Posted by NIH
Member since Aug 2008
112682 posts
Posted on 5/15/19 at 10:37 am to
No wonder XIV had to move back home
Posted by NPComb
Member since Jan 2019
27381 posts
Posted on 5/15/19 at 10:38 am to
They can take Vox, GQ, Vanity Fair, CNN, MSNBC, HuffPo, WaPo, ABC, CBS, etc... with them.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
260892 posts
Posted on 5/15/19 at 10:39 am to
Good. Nothing but a propaganda machine.
Posted by tide06
Member since Oct 2011
11204 posts
Posted on 5/15/19 at 10:40 am to
(no message)
This post was edited on 1/19/21 at 2:55 pm
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
61290 posts
Posted on 5/15/19 at 10:41 am to
One of the most vile and ridiculous websites out there.
Posted by Kino74
Denham springs
Member since Nov 2013
5345 posts
Posted on 5/15/19 at 10:43 am to
Going to be alot of people learning how to code soon.
Posted by NPComb
Member since Jan 2019
27381 posts
Posted on 5/15/19 at 10:43 am to
NPR is a beast and needs to be taken down. I have no idea on why the President is shying away from defunding a leftist propaganda machine paid for by tax payers money when they already have filthy money from grants. There is a ton of pork at NPR and would venture to say their journalist and radio personalities are quietly making a killing while spreading lies about conservatives 24/7.
Posted by Dead End
Baton Rouge
Member since Aug 2013
21237 posts
Posted on 5/15/19 at 10:46 am to
Lol, good.
Posted by Bulldogblitz
In my house
Member since Dec 2018
26784 posts
Posted on 5/15/19 at 10:52 am to
quote:

In an SEC filing


is mizzou buying them?
Posted by oogabooga68
Member since Nov 2018
27194 posts
Posted on 5/15/19 at 11:35 am to
That money that Obama was backdoor-sliding to these Media outlets is drying up....insert Nelson Munz gif here...
Posted by oogabooga68
Member since Nov 2018
27194 posts
Posted on 5/15/19 at 11:36 am to
quote:

No wonder XIV had to move back home


For the win....
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
422709 posts
Posted on 5/15/19 at 12:14 pm to
some of the legitimate shadiest business deals in history were the sales of online media companies in the 10s

*ETA: if salon's stock owners wanted to cash in, they're like 5-6 years too late
This post was edited on 5/15/19 at 12:16 pm
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