Your Economy (No Politics)

[dickmilde]

Salon struggling to pay its rent

( Another example of failing liberalism. )

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.

By the fall of 2016, according to a suit filed recently in Manhattan state court, Salon had already fallen behind in its rent covering the period from July 2016 to Sept. 30, to the tune of $90,565. Vbgo said it evicted Salon in December and now is trying to get the struggling Web media company to pay up for the rest of the lease.

Salon, which has since set up New York offices elsewhere in Manhattan, declined to comment.

http://nypost.com/2017/08/03/salon-struggling-to-pay-its-rent/