Salon Media Group, Inc. announced unaudited earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company's net revenue was $1.2 million compared with $1.95 million a year ago. Loss from operations was $0.98 million compared with $0.24 million a year ago. Net loss attributable to common stockholders was $6.3 million or $0.06 per basic and diluted share compared with $0.25 million or $0.00 per basic and diluted share a year ago. For the nine months, the company's net revenue was $3.5 million compared with $5.3 million a year ago. The decrease in revenue as compared to a year ago was a result of both a decline in direct advertising revenues as the company shifted its advertising sales efforts to programmatic advertising, and a decline in traffic compared to the December 31, 2015 quarter that led to a reduction in inventory available for programmatic advertising sales. Loss from operations was $2.7 million compared with $1.4 million a year ago. The large increase in loss was primarily a result of non-cash charges of $5.3 million related to the recognition of non-cash interest expense and a preferred deemed dividend related to the conversion of Preferred to Common shares and the issuance of debt that were associated with a private placement of preferred stock in January 2017. Net loss attributable to common stockholders was $7.99 million or $0.09 per basic and diluted share compared with $1.4 million or $0.02 per basic and diluted share a year ago.