Christmas Cash

Christmas came early for a pair of online magazines.

Last week, Feed (https://www.feedmag.com) raised more than $250,000 from a group of private investors that includes computer guru Esther Dyson and former MTV Networks Chief Executive David Horowitz. Feed co-founders Steven Johnson and Stefanie Syman persuaded them to invest in their irreverent, New York-based culture magazine after making a presentation at the prestigious Angel Breakfast in July.

The new capital matches the total amount spent on Feed in its first two years, although the online mag will burn through the cash more quickly this time, Johnson said.

Santa also paid a visit to Salon (https://www.salonmagazine.com) in the form of a cash infusion from Borders Group and ASCII Corp. Borders, parent company of longtime advertiser Borders Books & Music, recently signed a two-year agreement to become the exclusive bookseller for Salon, which has a strong literary bent.

ASCII, a Japanese publishing company, offered to invest in Salon after discussions with Hambrecht & Quist, an early Salon investor. The amount of the investments was not disclosed.