Prospector
Profile
07.1069
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| Salon Media Group, Inc. |
NAICS |
516110 |
| 101 Spear Street, Suite 203
San Francisco, CA 94105 |
Description |
Internet Sites |
| (415) 645-9200 |
Employees |
64 |
| http://www.salon.com/ |
Revenue |
(mil) |
7.7480 |
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Income |
(mil) |
-1.5660 |
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Assets |
(mil) |
5.6050 |
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Liability |
(mil) |
1.6390 |
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(for the year ended 2007-03-31) |
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Category:
Audit Concerns
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Event:
Burr Pilger & Mayer LLP included a “going-concern” audit opinion on Salon Media Group, Inc.'s financial statements for the year ended March 31, 2007. The audit opinions report substantial doubt about the Company's ability to continue as a going concern, citing issues such as the history of losses and absence of current profitability.
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Intellectual Property:
The Company's success and ability to compete is dependent on the goodwill associated with its trademarks, trade names, service marks and other proprietary rights and on its ability to use U.S. laws to protect its intellectual property, including its original content, content provided by third parties, and content provided by columnists. Salon has a registered trademark on its name and is securing a registered trademark on its logo. It also owns the Internet address www.salon.com. Because www.salon.com is the address of the main home page to Salon’s Website and incorporates Salon’s company name, it is a vital part of Salon’s intellectual property assets. [SEC Filing 10-KSB 06-27-07]
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Description:
The Company produces a content Web site with 10 subject-specific sections, which include two online communities.
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Officers:
John Warnock (Chair); Harvey Gamm (SVP); Elizabeth Hambrecht (Pres., CEO & Dir.); Conrad Lowry (CFO & Sec.); Christopher Neimeth (SVP); Deepak Desai (Dir.); Robert Ellis (Dir.); George Hirsch (Dir.); Robert McKay (Dir.); James Rosenfield (Dir.); David Talbot (Dir.)
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Auditor:
Burr Pilger & Mayer LLP
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Securities:
Common Stock-Symbol SLNM.OB; OTC BB;
1,939,572 common shares outstanding as of June 11, 2007.
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