EFR entered into an agreement to sell some noncore assets for $2.05M.

Other than that one year, Salon has been very cautious about the way it spends money. For instance, since last year, we've had virtually no marketing budget. It's just word of mouth. And our circulation continues to grow that way by breaking news stories.

I have no regrets about launching Salon. For the life of me, I can't imagine doing anything else.

The entire American media apparatus bought into the drug war - which is an enormously damaging and costly undertaking for this country - and there wasn't enough critical reporting about it and that's why it's gotten out of hand.

I think there is a difference between Slate and Salon. I think we both serve important functions on the Internet. As more and more Websites disappear, I'm thankful Slate is still around because it makes things less lonely.

The entire economy, of course, is locked in a down cycle right now. Last time we weathered this was during another Bush presidency in '90. We were locked in it for a year and a half and everyone came out of it.

My favorite thing is still journalism. I'm almost 50. This has been my life ever since I was in college.