Photo, above: Former Salon CEO Cindy Jeffers, who is receiving a great deal of the blame for Salon’s plummet into the financial abyss. Personally, I believe the blame lies more in a seismic, conscious mainstream shift away from liberal weenie philosophy. It’s a whole new world. Get used to it.
Leading liberal weenies and the Democrat Party down the toilet is Salon Magazine, so far behind in rent on its posh Manhattan digs they had to move to more favorable (cheap) accommodations, with their previous landlord chasing them every step of the way to collect past rent and what is due on the lease, some $700,000, not chump change to an outfit with a reported $4.6 million in net revenue last year. OUCH!
Known for a fiery brand of hard-hitting journalism, like “Farewell, once-favorite organ: I am officially breaking up with my penis,” a heartwarming story of a middle-aged “progressive” journalist disowning his wiener, Salon has led the way in yawn-provoking copy and news not fit to print.
Salon has lost big bucks every year of the past three, suffering net losses of $4 million in 2015, $2 million in 2016, and $10 million in 2017. Again, OUCH!
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Where Salon has moved its Manhattan offices to is anyone’s guess, but it has been reported that a group of liberal weenies with laptops has been hanging out on weekdays at the Penn Station Starbucks. Just sayin’.
From the New York Post
Salon, the struggling digital publisher, is having trouble paying its rent.
A landlord who late last year evicted Salon from its New York offices for nonpayment of $90,000 in back rent is now trying to force the digital publisher to pay more than $700,000 for the unused portion of a five-year lease that is slated to run through September 2019.
Salon had been paying over $300,000 a year to Vbgo Penn Plaza for offices at 31 Penn Plaza, near Madison Square Garden.
By the fall of 2016, according to a suit filed recently in Manhattan state court, Salon had already fallen behind in its rent covering the period from July 2016 to Sept. 30, to the tune of $90,565. Vbgo said it evicted Salon in December and now is trying to get the struggling Web media company to pay up for the rest of the lease.
Salon, which has since set up New York offices elsewhere in Manhattan, declined to comment.