Report: Salon Media Set to Sell Majority Stake

Keith J. Kelly has the scoop.

As is Keith J. Kelly’s wont, the New York Post media critic fired off several impressive scoops at the near-end of a weekday evening, in this case just ahead of Wednesday’s print editions. One involves Vice Media reportedly telling Jann Wenner no, thanks re: US Weekly; another is about the long-delayed repayment of a Forbes family loan; and the third pertains to online content pioneer Salon Media.

According to Kelly’s sources, Salon is finalizing a deal with Spear Point Capital:

It won’t take much cash for Spear Point to buy a controlling stake in Salon.

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