Andreas Droste, a seasoned executive who has successfully led several interactive sales and marketing groups, has been named Vice President of Sales and Marketing at Salon Media Group, Inc. (OTC Bulletin Board: SLNM), a leading independent media company that publishes Salon.com. In this new role, Droste will oversee all of Salon's advertising sales and marketing efforts. He will be based in Salon's New York City office.
Droste joins Salon from The Economist Group's CFO Publishing Corp. where he was General Manager of CFO.com. Prior to this, he was the director of Eastern ad sales for CFO.com.
In 2001, he served as Director of East Coast Ad Sales for Net2Phone, Inc. From 1995 to 2000, he held various leadership and sales roles at Winstar Interactive, Bloomberg L.P. and Chicago Tribune.
"Andreas brings a wealth of experience to Salon, including his demonstrated success selling advertising around high value online audiences and building strong sales teams," said Christopher Neimeth, CEO of Salon. "I'm looking forward to working with him as we continue to grow Salon's business."
"I am thrilled to be joining Salon, particularly given our recent audience growth and momentum, which I hope to build upon," added Droste.
Droste is a graduate of Northeastern University's College of Business Administration.
ABOUT SALON MEDIA GROUP, INC.
Salon, the award-winning online news and entertainment Web site, combines original investigative stories, breaking news, provocative personal essays and highly respected criticism along with popular staff-written blogs about politics, technology and culture. Salon hosts two online communities, Table Talk and The Well, and has offices in San Francisco, New York City and Washington D.C.
"Safe Harbor" Statement under the U.S. Private Securities Litigation Reform Act of 1995: This press release contains certain "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are naturally subject to uncertainty and changes in circumstances. Actual results may vary materially from the expectations contained herein. The forward-looking statements contained herein include statements about future financial and operating results of Salon. Factors that could cause actual results to differ materially from those described herein include: the economic environment of the media industry; the difficulty in securing on-line advertising; growth in subscription revenue programs; uncertain revenue sources and the general economic environment. More detailed information about these factors is set forth in the reports filed by Salon with the Securities and Exchange Commission. Salon is under no obligation to and expressly disclaims any such obligation to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
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