From the New York Post:
By Keith J. Kelly | August 3, 2017 | 10:0 PM
Salon, the struggling digital publisher, is having trouble paying its rent.
A landlord who late last year evicted Salon from its New York offices for nonpayment of $90,000 in back rent is now trying to force the digital publisher to pay more than $700,000 for the unused portion of a five-year lease that is slated to run through September 2019.
Salon had been paying over $300,000 a year to Vbgo Penn Plaza for offices at 31 Penn Plaza, near Madison Square Garden./span>
There’s more at the original. Salon was evicted last December, but the Post stated that they had set up offices somewhere else in Manhattan. But, call it karmic justice that a left-wing publisher which rails against capitalism can’t pay its bills to the capitalists. Humorously enough, Salon published Secret Service refuses to pony up for Trump Tower’s sky-high rents: The Secret Service is no longer going to have a command post in Trump Tower to a financial dispute with Trump just 10 hours and 21 minutes after the Post story about them being unable to pay their own rent.
One rather obvious fact: a ‘digital publisher’ can publish from anywhere. I ‘publish’ The First Street Journal from a rural farmhouse in Estill County, Kentucky, via a contract with a site hosting service in Massachusetts. Salon is somewhat bigger than my poor site, but they don’t need to be in the priciest city in America; they could have their offices in upstate New York or Down East Maine or Lexington, Kentucky for a small fraction of what a place in Manhattan costs. Heck, an internet-based company ought to barely even need an office; their editorial staff could work via videoconferencing and Skype, their writers could make their submissions from home, and their sales staff can work from anywhere.
31 Penn Plaza currently advertises office space availability on the 9th, 10th, 11th, 12th, 13th and 17th floors, ranging between 21,178 and 27,084 ft²; did a digital publisher really need over 20,000 square feet of office space, or was that mostly vanity? It was their choice to sign a five-year lease at such “a cutting edge office destination located steps from New York’s Penn Station, Herald Square, Lincoln Tunnel, and minutes from Grand Central Station.”
I am somewhat amused this couldn’t have happened to a more deserving bunch.
Cross-posted on The First Street Journal.