Salon in discussions about $5M sale

Left-leaning news organization Salon, once worth more than $100 million, is now in discussions to be sold for a mere $5 million.

Salon Media Group said in a May 8 filing with the Security and Exchange Commission, that it reached a deal to be sold to a company called “Salon.com LLC.” In the filing, it said the sale would only require a $550,000 payment up front. An additional $100,000 would go to an escrow account and a $500,000 deposit was already paid, according to the New York Post.