Salon, the Internet’s longstanding roundtable that’s successfully straddled the line between a high-lit sensibility and self-aware celebrity fixation, is searching for another media company to swoop in and relieve it from increased losses, The Wall Street Journal reports. In the past three years the Salon Media Group has incurred losses of $15 million. Read More
For the second time ever, the pay-TV industry lost subscribers as a whole last quarter, making that two straight down quarters in a row.
According to the research firm SNL Kagan, the U.S. pay-TV business lost 119,000 subscribers in the third quarter of 2010.
Breaking that down, cable players like Time Warner Cable and Read More
AIG, the bailed-out insurance giant that often used as a shorthand for everything that’s wrong with American capitalism, today announced a third-quarter loss of $2.4 billion, vs. a profit of $455 million a year ago.
Charges related to payback of the U.S. taxpayer bailout, coupled with writedowns of the value of some of the Read More
