The Well - For Sale
- 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