Salon Media Group Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
February 12, 2016 at 09:08 pm
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Salon Media Group Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported revenue of $1,950,000 against $1,473,000 a year ago. Loss from operations was $241,000 against $793,000 a year ago. Net loss was $251,000 against $803,000 a year ago.
For the nine months, the company reported revenue of $5,329,000 against $3,740,000 a year ago. Loss from operations was $1,361,000 against $2,856,000 a year ago. Net loss was $1,391,000 or $0.02 per share basic and diluted against $2,885,000 or $0.04 per share basic and diluted a year ago. The decrease in losses for the three and nine month periods resulted from an increase in revenues and stable operating expenses of $2.2 million and $6.7 million for the corresponding periods.
Salon Media Group, Inc. is an independent publication company. The Company covers news and politics, alongside its coverage of culture and entertainment, science and health, and food. The Company has driven the national conversation through journalism distributed across Salon.com, Salon TV, social media, news platforms, email newsletters and mobile applications. Its content, including its flagship show, Salon Talks, and other Salon TV programming, reaches an audience of approximately 10 million monthly new visitors. The Companyâs publication is free. It also offers monthly subscription for ad-free publication. The Company covers national news and politics, and science and health through investigations, insightful reporting, commentary and analysis. It covers television (TV), movies, books, entertainment and culture news through insightful reporting, criticism, commentary and analysis. Its Life Stories section features insightful commentary and essays about the human experience.