Talbott Leaves Editorship of Now Profitable Salon

Congratulations to David Talbott, who weathered the storm of the dot.com bust and guided his baby Salon.com to profitability. The New York Times today reports (registration site) that he’s now stepping down as its editor-in-chief but retaining the title of chairman. He’ll be replaced as editor by Joan Walsh, his longtime deputy. Salon will also announce its first profitable quarter, a profit of $400,000 on revenues of $2.2 million. The online magazine now has 88,000 subscribers paying an average of $7.50 a quarter, plus had $2.2 million in advertising revenues last quarter. Salon lost $1.2 million last year, but is […]