August 10, 2001
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Salon Media Group has received a cash injection of $2.5m from a group of investors led by WR Hambrecht & Co. Salon also announced a 45% drop in revenue for Q1 to end-June, to $1 million, and posted a net loss of $2.9m, compared with a loss of $4.5m for Q1 2000.
Source
http://www.e-commercetimes.com/perl/printer/12719
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