Salon to Trim Staff by 20%

Salon.com announced a 20% cut in its work force and warned that its fourth-quarter losses would be double previous expectations. The online media company also said Andrew Ross, one of its co-founders, has resigned to spend more time with his family. San Francisco-based Salon said it would lay off 25 people and close satellite offices in Los Angeles, Chicago and Atlanta. The company said it now expects a loss of 23 cents to 26 cents a share in the fourth quarter, much deeper than the 13-cent loss analysts anticipated. Salon made its announcements after the markets closed. Its shares had closed up 3 cents at $1.06 on Nasdaq.