MobileRead Forums - View Single Post - Slate.com soon with a proper media owner?

Colin Dunstan · 07-23-2004, 06:46 PM

According to a story in today's WSJ, Microsoft's MSN online division is apparently trying to sell Slate. The MSN business unit swung to an operating profit of $121 million in Microsoft's fiscal year that ended June 30, after losing $567 million in the 2003 fiscal year. The company attributed the turnaround to an increase in advertising revenue and a focus on keeping costs down. Slate itself is according to MS breaking even at this point. The site attracts about five million readers a month.

07-23-2004, 06:46 PM	#1
Colin Dunstan Is papyrophobic! Posts: 1,926 Karma: 1009999 Join Date: Aug 2003 Location: USA Device: Dell Axim	Slate.com soon with a proper media owner? According to a story in today's WSJ, Microsoft's MSN online division is apparently trying to sell Slate. The MSN business unit swung to an operating profit of $121 million in Microsoft's fiscal year that ended June 30, after losing $567 million in the 2003 fiscal year. The company attributed the turnaround to an increase in advertising revenue and a focus on keeping costs down. Slate itself is according to MS breaking even at this point. The site attracts about five million readers a month.