10 Brands to Disappear in 2013
Salon.com
Salon.com is one of the pioneering news and commentary sites on the web since 1995. In recent years, it has been obscured by larger and better financed sites such as The Atlantic and Washington Post-owned Slate. Salon will need a great deal more than new management. At the end of the final quarter of 2011, Salon had $149,000 in the bank against short-term liabilities that included $12.7 million in loans. During the same quarter, Salon lost $997,000 on revenue of $1.03 million. Rumors are that John Warnock, the cofounder of Adobe Systems and investment banker Bill Hambrecht fund the company. But as it falls apart at the closure, more money is unlikely to be forthcoming.
