Adobe Invests In Salon.com

Posted
By: (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.

Comments

No comments on this item Please log in to comment by clicking here