Adobe Invests In Salon.com

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(AP) Online magazine company Salon Media Group Inc. said Monday it has received a $500,000 infusion from software maker Adobe Systems Inc., one of the company’s original investors.

The Adobe investment provides San Francisco-based Salon with a bigger financial cushion as it struggles to make a profit for the first time. Through the first nine months of its current fiscal year, Salon lost $6.6 million, leaving the company with $2.1 million in cash as of Dec. 31.

Adobe chief executive John Warnock joined Salon’s board last August.

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