Slate Turns Profitable


As reported on this site in March, Slate has finally turned a corner. In the first quarter of this year, Slate took in more money than it spent. “With annual revenues of under $7 million, any profits that Slate produces will not be the kind of results that drive Microsoft’s stock price.”

“It would be better for Salon if Slate were profitable,” said Michael J. O’Donnell, chief executive of the Salon Media Group. “There is so much skepticism out there that it is hard to attract attention and money. It would be nice if we could point to someone and say that it can be done.”

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