Salon CEO resigns: This isn’t a terrifically geeky thing, except that I’ve always been interested in Salon as a bell-weather for the pure-play Internet content business model.
“O’Donnell had been with Salon since 1996, first as publisher and then as CEO in 1999, when the company went public. Salon stock now trades over the counter, closing Thursday at 5 cents a share. ‘I’m grateful for the opportunity to work at Salon over the past seven years and be a part of the development of publishing on the Internet,’ O’Donnell said in a statement.”
Salon ran out of its nine lives several years ago, but it just keeps going. They couldn’t pay their rent at one point.