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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.
“Because Salon has run deficits for almost every quarter since it was founded, the company has relied on regular interest-free cash advances from Warnock, chairman of Salon’s board, and Hambrecht, a board member,” Politico wrote at the time. “From Salon’s founding until the end of 2015, the most recent data available, Warnock and Hambrecht have given the company nearly $20 million in cash advances, and Warnock also personally guaranteed a $1 million line of credit.”
Paul Krugman says President Trump is "in full-blown panic over the failure of his economic policies"
Nobel Prize winner says Trump's actions show he's hit the "panic button," because of he has no idea what he's doing
https://www.salon.com/2019/09/13/paul-krugman-says-president-trump-is-in-full-blown-panic-over-the-failure-of-his-economic-policies_partner/
#VeryFakeNews
Speech codes. Trigger warnings. Safe spaces. We’ve all read and heard disturbing accounts of such measures’ ubiquity and oppressiveness on campus after campus, their students depicted as demanding them en masse and administrators as rushing to establish them.
I don’t expect these alarms to stop being sounded, or students to stop demonstrating, once the new semester is underway. But this is the time to consider what’s really driving not only the students, but the strong and largely successful campaign to condemn them.
lol this truly must be a parody. Even for Krugsheister this is insane in the mebrane.
The real miracle is that Trump has grown a recovery well longer than it should have.
And the budget deficit is only $1 Trillion. Winning!
Yes, it is fake alright. The prize Krugman won is not a Nobel prize. Neither did Milton Friedman, too. There is no Nobel Prize for Economics.
I had a hard time getting through that drivel.
:
I wonder how much money those liberal scientists will be able to squeeze out of governments to research this further.
It's probably just a scam. You know, to get "scientists" (i.e. liberals) paid.
I couldn't imagine how pathetic one would have to be to idolize this loser
FortWayneIndiana sayscompletely retarded people
That's an insult to the Retarded,even they realize how dumb,Democrats are.
"For some 500 years, capitalism’s logic of eco-genocidal accumulation has presided over both the physical eradication of human and non-human life and the cultural eradication of the languages, traditions and collective knowledge that constitute life’s diversity.Right out of 1972
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