It’s not quite as bad as Newsweek selling for $1, but the owners of Salon Media Group seem anxious to unload their property and have lowered the asking price to what The New York Post calls “a fire sale price of $5 million.”

Salon Media in talks for $5M fire sale in last-ditch effort https://t.co/9wkGj5foBF pic.twitter.com/dfXbszHnHy — New York Post (@nypost) May 15, 2019

Keith J. Kelly reports:

Salon Media Group, a one-time digital darling, has fallen on hard times. It lost its CEO of the past three years last week and appears to be on the brink of a deal to sell itself for a fire sale price of $5 million. The struggling company said in a Securities and Exchange Commission filing on May 8 that it reached a deal to sell itself to a company called Salon.com LLC. The filing contained no further info on the mystery buyer or buyers but said the deal would only require a $550,000 payment at closing. It said $100,000 would go to an escrow account and $500,000 was already paid as a deposit. The remaining $3.85 million would be a promissory note payable in two installments over two years. Even with those favorable terms, Salon issued a dire warning in the filing: “There can be no guarantee that the asset sale will be completed and, if not completed, we may have to file for bankruptcy and liquidation.”

Better keep the “learn to code” jokes out of your tweets for a little while so as not to be banned for targeted harassment.

I wouldn't buy it with someone else's money. — Bitter Grizzly (@Bitter_Grizzly) May 15, 2019

I'd give $1 but it would have to be someone else's $1 — Chris (@CoachV79) May 15, 2019

Lmao that’s less than my mom’s dental practice — Jair Bolsonaro Fan Account (@vasnayebali) May 15, 2019

It's actually worse…the deal only calls for $550,000 to be paid in cash at time of closing. The rest of the $5M is not guaranteed. — Lesbian Conservative (@lesbianoutsider) May 15, 2019

Oh no, where will we get our weekly fix of "Pedophiles are normal people and we should all embrace them!" think pieces if Salon goes away? — Coding My AI Therapy Lizard (@Gator_Country) May 15, 2019

https://t.co/Dam66Ww3eR Is Going out of Business and That Means Our National Politics Are Healthier Than We Thought via @streiffredstate The campaign to normalize pedophilia now has to #learntocode ⁦@RedState⁩ https://t.co/9WIVBG6kmA — Tim Gradous (@tgradous) May 18, 2019

$4,999,999 too much. — Don Riker (@Easy2120) May 16, 2019

They accepted my offer for $1.25 but I got there too late. — Rick (@reldoc) May 17, 2019

It is a dumpster fire sale. pic.twitter.com/3H6A1clXxU — Scott Owen, Perpetual Browncoat (@drunkcynic) May 15, 2019

Shocker that a digital mag known for the worst hot takes is in financial trouble. — Randy Apa (@RandyApa) May 15, 2019

Couldn't happen to a nicer bunch — IanPFraser (@IanPFraser1) May 15, 2019

Bye bye Salon. Please say ‘hi’ to Gawker from me… — Steve Windsor ? (@NYCTelegraph) May 15, 2019

Wonderful news. Time to liquidate. Salon did provide opportunities for many bitter & dull-witted journalists, but we've easily reached our quota for those. (Former Salon imbecile-in-chief Joan Walsh comes to mind.) — K (@k__douglas) May 15, 2019

Let’s hope that @JoanWalsh can do for other liberal organizations what she did for @Salon. Looking at you, @CNN! — DespeRobbo (@Desperobbo) May 15, 2019

Huh. Another liberal rag is failing. Seems like there is a common factor in all these media outlets that are going out of business. What on earth could it possibly be?? — Luv2GoFly (@Luv2GoFly) May 15, 2019

I've got $20. Lemme know — Verys been told y'all Ranger (@mecantyping) May 15, 2019

You mean I won't be able to read journalistic masterpieces like this from @Salon anymore ?? pic.twitter.com/A5DS7UULBS — The Rabid Cat (@battlecat847) May 15, 2019

https://t.co/Dam66Ww3eR Is Going out of Business and That Means Our National Politics Are Healthier Than We Thought via @streiffredstate The campaign to normalize pedophilia now has to #learntocode ⁦@RedState⁩ https://t.co/9WIVBG6kmA — Tim Gradous (@tgradous) May 18, 2019

Oh no, where will we get our weekly fix of "Pedophiles are normal people and we should all embrace them!" think pieces if Salon goes away? — Coding My AI Therapy Lizard (@Gator_Country) May 15, 2019

Learn to code. — Selyv Fardd (@SFardd) May 15, 2019

Another leftist rag put out of business by its own progressive writers.

Let's wish the young comrades fast graduation from coding school and success in their new careers. — Vallachian King (@vallachian) May 18, 2019

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