4. So long, Salon.com
So that’s why the financial “oracle” Warren Buffet has been quietly buying up all those newspaper chains.
Online news and commentary site Salon.com, launched in 1995, is not as well-funded as its chief competitors, The Atlantic and The Washington Post. Also, the CEO and CFO of the company are no longer there, and Cynthia Jeffers, chief tech officer, now runs the show. At the end of the final quarter of 2011, Salon had $12.7 million in loans with $149,000 in the bank.
