Salon.com lost $3.9 million in its last fiscal year and now has an accumulated deficit of $116.4 million, but CEO Cynthia Jeffers remains upbeat. She says in a release:
Salon has made major strides over the past year towards profitability. The bottom line is that debts our down, revenues are rising and traffic continues to increase. I expect the recent launches of our mobile and community initiatives will keep us on pace to continue these positive trends moving forward.
* Salon’s $3.9M loss for the year pushes deficit to $116M (bizjournals.com) | (Salon’s release)
* From 2001: Can slowly fading Salon make it? (ajr.org)
* From 2012: How is Salon still in business? (siliconbeat.com)