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

After Watergate, which happened when I was in college, I became increasingly inspired by journalism as a way to change the world. It sounds corny, but to wake the public up, to serve a higher cause.

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.

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

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.

We upgrade URZ to a Buy; we see an entry opportunity with investors.

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