Salon Media Group Inc. announced consolidated earnings results for the year ended March 31, 2015. For the year, the company reported net revenue from continuing operations was $4.9 million, a decrease of 18% from $6.0 million for the twelve months ended March 31, 2014. The decrease in revenues during fiscal year 2015 stemmed primarily from an industry shift in advertising dollars toward lower CPM mobile and programmatic advertising, which resulted in a 38% decline in direct ads and an 8% increase in programmatic advertising sales compared to fiscal year 2014.

Loss from operations for the fiscal year was $3.9 million, compared to a loss of $2.2 million for fiscal year 2014. Loss from continuing operations was $3.9 million or $0.05 per basic and diluted share compared with $2.2 million or $0.03 per basic and diluted share a year ago. Net loss was $3.9 million or $0.05 per basic and diluted share compared with $2.2 million or $0.03 per basic and diluted share a year ago.