News Brief
Salon.com Says Ads Will Recover
Jun 18, 2002, 12:00 AM
Reuters reported yesterday that online magazine Salon.com has 39,500 paid subscribers.Salon began charging for subscriptions to its premium content and services last year as the market for online ads began drying up. During its fourth fiscal quarter, the company added 7,400 new subscribers, who pay $30 a year. Salon also said its fourth-quarter net loss decreased to $1.4 million from $5.5 million a year ago. Revenues for the quarter, which ended March 31, were $951,000 compared with $976,000 a year ago.
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