Salon Media Group, Inc. announced earnings results for the year ended March 31, 2017. Net revenue from continuing operations for the twelve months ended March 31, 2017 was $4.6 million, a decrease of 34% from $7.0 million for the twelve months ended March 31, 2016. The decrease in revenues during fiscal year 2017 stemmed primarily from an industry shift in advertising dollars away from direct advertising campaigns toward software-based “programmatic” advertising. Loss from operations for the fiscal year 2017 was $3.9 million, compared to a loss from operations of $2.0 million for fiscal year 2016. Net loss attributable to common stockholders was $10.4 million, a 432% increase from $2.0 million in fiscal year 2016. The increase in net loss was mainly attributed to a $5.6 million increase in non-cash interest expense from the prior year and an approximate $0.9 million in non-cash preferred deemed dividends, both recorded for the beneficial conversion feature of capital raising transactions during the fiscal year 2017. Basic and diluted net loss per share was $0.10 against $0.03 reported last year.