The W.E.L.L. has a $200K book value February 19, 2006 Archives

See my earlier post — “Sometimes I miss the W.E.L.L.”

Wow, how sad. Paid Content reports:

“ The Well, the pioneering online discussion forum, has not yet found a buyer, according to Salon’s latest 10-Q filing. “Salon has not found a suitable buyer for this asset, which has a book value of approximately $0.2 million, most of which is goodwill. The potential sale of The Well is not primarily driven by a need to generate cash to finance Salon’s operations, but is primarily intended to free management to concentrate on Salon’s core operations.”

Author: David Churbuck

Cape Codder with an itch to write

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