Proof that the unprofitable Salon.com was used to push propaganda
https://www.thewrap.com/members/2019/05/15/salon-media-announces-5-million-sale-bankruptcy-and-liquidation-threatened-if-deal-fails/
Salon Media says they have reached an 11th hour deal to sell the company and its flagship property Salon.com for $5 million. In an SEC filing, Salon also revealed its position was dire and that it would face imminent “bankruptcy and liquidation” if the deal should fall through.
“Because Salon has run deficits for almost every quarter since it was founded, the company has relied on regular interest-free cash advances from Warnock, chairman of Salon’s board, and Hambrecht, a board member,” Politico wrote at the time. “From Salon’s founding until the end of 2015, the most recent data available, Warnock and Hambrecht have given the company nearly $20 million in cash advances, and Warnock also personally guaranteed a $1 million line of credit.”
Completely unable to turn a profit
Was given cash to operate for years despite knowing the company was unable to make a profit.
So why would anyone pay an organization to continue printing biased “news” articles despite being unable to have a return on the investment in a financial way?
What was their expected return on investment?
Maybe this?
https://www.salon.com/2018/10/29/is-trump-anti-semitic-heres-what-the-evidence-shows_partner/
or this?
https://www.salon.com/2018/12/12/trumps-latest-racist-attack-on-immigrants-echoes-nazi-propaganda_partner/
I believe that downtrend had a good article explaining their anti-white bias:
https://downtrend.com/71superb/those-awful-folks-at-salon-try-to-humanize-racist-who-killed-white-people/
If you are wondering what i am talking about with Salon.com being anti-white propaganda, just do a quick search and you will see countless examples. It’s good that this propaganda machine is disappearing into the anals of history (misspelling on purpose).
So who are these people that financially supported this racist propaganda machine and kept them afloat for years?
John Warnock
>In the Spring of 1991, Warnock outlined a system called "Camelot",[6] that evolved into the Portable Document Format (PDF) file-format. The goal of Camelot was to "effectively capture documents from any application, send electronic versions of these documents anywhere, and view and print these documents on any machines". Warnock's document contemplated, "Imagine if the IPS (Interchange PostScript) viewer is also equipped with text searching capabilities. In this case the user could find all documents that contain a certain word or phrase, and then view that word or phrase in context within the document. Entire libraries could be archived in electronic form…
Sound familiar to certain programs ran by the govt?
William R. Hambrecht
>In 1997, he sponsored the foundation of BOOM Securities (H.K.) Limited.
>Hambrect is a 1957 graduate of Princeton University, where he received an A.B. in History. He has been listed as one of the top political donors in the country, giving mostly to Democratic candidates, and credits
Nancy Pelosi
, whom he met in the 1970s, with inspiring him to get involved in politics.
>Hambrecht is on the Board of Trustees of the American University of Beirut, Lebanon.
They both reside in San Francisco.
They’re both old and their propaganda machine failed. Good riddance.