Well, it would appear that the talks between Salon.com – which has been on the sales block a few months now – and Micheal Wolff‘s Newser.com have broken down. Wolff’s site, which aggregates stories from around the web, was slated to buy the news and opinion site, but the two could not agree on money matters.
Sources at Salon told The New York Times‘s DealBook that negotiations took a turn after it was revealed that The Huffington Post was purchased by Aol for a staggering $315 million, causing some at Salon to wonder whether they should up their asking price.
Wolff, meanwhile, refused to confirm that he had ever been in talks to buy the site. He made the news in recent weeks when AdWeek, of which Wolff is editorial director, published a fairly brutal piece on the New York Observer‘s decision to hire Elizabeth Spiers – who is no stranger to launching properties on the web – as its new editor in chief.
There’s no word on how a merger between the sites may have looked given each has a different purpose (original content versus summaries of aggregated articles). For the time being, at least, Salon Media Group will continue to invest in the site.
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