Salon makes profit

New York Times ^ | February 10, 2005 | David Carr

[YummiBox]

no way! can this be true!

[Drango]

All postings about Salon (pork be upon them) require the obliqatory stock chart. It's an unwritten FR rule:-)

[Old Sarge]

Salon will also announce its first profitable quarter in its history

Any normal business would have been dust under the investors' boots, with TEN YEARS of no profit.

[xcamel]

Renting city runaways to the park avenue elites must be quite profitable then...

[Dinsdale]

2.2 million / 55 full time employees.

$40K/year on average, in SF. To say nothing of bandwidth, rent etc.

I'd guess they are capitalizing ongoing costs to make themselves look better. (Which is how a former employer operated, it usually does'nt end happily). Not sure if it's fraudulant. Depends on the details.

[kenth]

A profitable quarter. So, how many more quarters to get out of the hole?

[Anti-Bubba182]

"But $50 million later....they turn a 400k profit,ONCE."

Huge investment for such small results.

[Drango]

Not making a profit...gee I wonder why given these salaries...

OFFICERS

	Pay	Exercised
David Talbot, 52 Chairman, Chief Exec. Officer, Editor-in-Chief	$ 191.00K	N/A
Elizabeth Hambrecht, 41 Pres, Chief Financial Officer, Sec.	$ 130.00K	N/A
Melissa Barron, 46 Sr. VP of Sales	$ 163.00K	N/A
Sidney Blumenthal, 55 Sr. VP, Editorial Devel.	N/A	N/A
Patrick Hurley, 42 Sr. VP, Bus. Operations	$ 148.00K	N/A

Dollar amounts are as of 31-Mar-04 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.

View Insiders

More from Reuters:
Full List - Bios - Compensation - Options

[Maceman]

2.2 million / 55 full time employees. $40K/year on average, in SF. To say nothing of bandwidth, rent etc.

Uhh . . . these are quarterly numbers. That's an average of $160,000 per year per employee (assuming every penny went to salaries, which of course, can't happen. But still.)

[Leo Carpathian]

They made a whole quarter profit? Far out!

[Doctor Raoul]

Joe Conason received an unfair tax cut for the stupid when he wrote off his Salon stock losses. It's very unfair because the stupidist 1% of Americans benefited the most.

[Doctor Raoul]

Anytime I refresh on Salon.com, it leaves a trail on my screen like a slug. Hey, Sid Blumenthal worked there!

BTW, back when Salon wasn't a PINK SLIP PENNY STOCK, you used to be able to track a George Hambrecht proping up Salon with cash infusions. Who's Liz? His wife? His daughter? His new wife who's as lod as his daughter?

[Doctor Raoul]

Squid Blumenthal is gone from Salon I beleive. Looks like the paid Squid what he was worth from that chart.

[BlessedBeGod]

Am I reading that right? Their first profitable quarter in 10 years?

[Raycpa]

Well, Salon is now on corporate welfare because it won;t pay taxes on its income. Scum.

[Drango]

Remember the old Salon Death watch ping list? I think it was you who suggested we take up a collection and buy 'em for two pizzas and a 6 pack. LOL.

From my home page.

"There is a hard-core conservative information infrastructure in this country, and they've been using it against Salon for some time now."
-- David Talbot
Salon Magazine

[pillbox_girl]

I've actually made about $100 with Salon stock as an experiment. Before anyone accuses me of sleeping with the enemy, here's how I've done it: Basically, when the stock drops below 13¢, I buy a thousand shares. Then, when the stock jumps above 17¢ I sell. The stock usually peaks because the liberal nitwits inevitably bail the company out with a large cash infusion. The liberal mentality will never let Salon die, so every time some big money lib bails out Salon, I walk away with a small cut.

I've done this a couple of times, each time with at least a 30% return. Salon is so cheap and volatile that this trick actually works with only a little capital investment. I'm afraid to try it with a larger dollar amount, though, because of the eventual possibility that the libs will wise up and stop saving their virtual fishwrap.

[Drango]

Indeed, someone is buying them and proping up the stock...check out the volume in post #3. Wow. the transation cost must be killing 'em! From yahoo....

% of Shares Held by All Insider and 5% Owners: = 81%

I though of doing what you're doing but...Too thinly traded for my blood.

[nicollo]

That is damned funny. Good for you!

(and at a profit, too)

Nicollo unmasked: Bromleyisms here