[lbo-talk] sketching an "anti-economist"

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Tue Aug 21 13:16:35 PDT 2007



>> You could do worse than to take a close look at Salon.
>>
>> http://biz.yahoo.com/e/070627/slnm.ob10-k.html
>
> Not encouraging!

Actually, I think it is.


>> Based on current cash projections for next year, including $8.1
>> million of advertising revenues and $10.4 million of total
>> revenues, Salon estimates it will require an additional $0.6 million
>> cash inflow to meet operating needs.

So for a $10M/yr business, having a < 10% deficit sounds pretty good. They are a survivor: yes, they've accumulated nearly $100M of losses, but if they are down to < $1M/year, they can hang around for quite some time.

/jordan



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