Salon.com Layoffs

Bloomberg News

Salon.com, which runs a money-losing Web news magazine, unveiled plans to fire 13 employees, or about 9% of its work force, in a bid to cut expenses by 20% and move toward profitability. San Francisco-based Salon.com also said it plans to spend less on freelance writers and marketing. The plans were announced after the close of regular U.S. trading. Salon.com shares, which have fallen about 58% this year, rose 9 cents to close at $2.13 on Nasdaq.

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