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The Well - For Sale

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  • Robin Hamman
    The Well, an online community founded in 1985, is to be sold by it s current owner Salon.com. Salon bought the community in 1999 for US $5 million. Since then,
    Message 1 of 1 , Aug 24, 2005
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      The Well, an online community founded in 1985, is to be sold by it's
      current owner Salon.com. Salon bought the community in 1999 for US $5 million.
      Since then, it's always managed to turn a profit but memberships (costing $120
      to $150 per year) have declined from 6000 to 4000 between 1999 and today.

      Salon expects to achieve a sale price of around $500,000 - about the
      equivalent of one year's subscription fees. That's probably a bargain if the
      membersthemselves buy the community...

      More at - http://cybersoc.blogs.com/cybersoc/2005/08/for_sale_the_we.html
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