SAN FRANCISCO, CA, JUNE 22, 1999 | Salon.com (NASDAQ: SALN) today announced the public offering of 2,500,000 shares of Salon.com Common Stock at $10.50 per share. All 2,500,000 shares were offered by Salon.com. The offering was underwritten by W.R. Hambrecht + Co. and Daiwa Securities America Inc. through W.R. Hambrecht + Co.'s proprietary OpenIPO system.

Salon.com anticipates that the net proceeds from the offering will be used primarily for expansion of its sales force, marketing and distribution activities; expansion of its business operations, including increased staffing, content production and technology infrastructure; and, general corporate purposes.

Salon.com is a leading Internet media company that produces a network of ten subject-specific, demographically-targeted Web sites and a variety of online communities designed to attract premium Internet advertisers and electronic commerce partners.

Copies of the prospectus relating to the offering may be obtained when available by contacting W.R. Hambrecht + Co. at www.openipo.com, by contacting W.R. Hambrecht + Co. in writing at 550 Fifteenth Street, San Francisco, CA 94103, or by calling toll free 877-673-6476. Copies of the prospectus may also be obtained by contacting Daiwa Securities America Inc., Syndicate Dept., Financial Square, 32 Old Slip, New York, NY 1005-3538 (212) 612-6690.

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Salon.com:
Todd Hagen, Chief Financial Officer
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Dayna Macy
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Fax: (415) 882-8731
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