OK, the headline isn't 100% accurate, but it's getting closer by the day:
[San Francisco-based salon.com] struck a deal with its landlord late last week that will reduce its monthly rent from $70,000 to $21,000, according to documents filed with the Securities and Exchange Commission.
As part of the deal, Salon will forfeit a $400,000 deposit and rent just one floor of the office, instead of the two floors covered in its previous lease.
Hint to Salon: move across the Bay or to San Jose. That's assuming you even need an office in the first place. Have you considered a PMB and voice mail?
Politics · Tue, 07/01/2003 - 09:40 · Importance: 1