Good Money After Bad, Part Deux

Instantman (welcome to California, Glenn!) barely got off the plane at LAX before he dissed my dissing of Salon.

Well, what I was really dissing was not so much Salon’s content (though I thought much of it execrable, particularly the Clinton apologia that often reached Gene Lyons and Joe Conason levels during the late nineties). I was criticizing their business model, and their dotcom-like habit of burning money like there was no tomorrow.

So the question is, is there a tomorrow and will Adobe Systems further investment help it arrive, or did they need the writeoff? Maybe they’ve finally gotten it figured out, but it’s not where I’d be putting my money.