Los Angeles - Regent Media, the owner of gay-focused cable network here! Networks, announced that it has completed its acquisition of gay media firm PlanetOut's (NASD: LGBT) publishing properties, including Out and The Advocate magazines.

San Francisco - PlanetOut (NASD: LGBT), a media and entertainment firm focused on the gay and lesbian market, said on Tuesday that it has received notice from the Nasdaq that its not maintained a minimum market value of $5 million for the past 30 days -- a requirement for continued listing on the exchange.

Los Angeles - Habbo, a virtual community for teens that recently surpassed 100 million avatars created by its users, has announced a partnership with the non-profit Matthew Shepard Foundation, which was founded by the mother of 21-year-old murdered in an anti-gay hate crime in 1998. The foundation will host an ongoing series of conversations within the virtual world, on topics including "how to deal with bullying, discrimination and hate experienced on and offline and how to encourage respect among peers."

Los Angeles - Gay cartoonist Eric Orner and Jay Laird, a developer with Metaversal Studios, have teamed to create an online Flash game based on the historic 1969 Stonewall riots -- which are often cited as the origin of the gay rights movement in the U.S., GayGamer.net reported. "Stonewall Brawl" is slated to launch on Metaversal's BurningVillage.com website on June 22, to coincide with Gay Pride celebrations in New York City and San Francisco.

San Francisco - Gay media firm PlanetOut (NASD: LGBT) announced on Thursday that it will sell its publishing business -- which includes the magazines Out and The Advocate -- to fellow gay media firm here Networks for $6 million.

Los Angeles - Apple's (NASD: AAPL) iTunes Store in Canada has removed several songs by Jamaican dancehall artists from its catalog, after complaints about lyrics that advocate the killing of gay people were raised by LGBT groups Egale Canada and Stop Murder Music, Xtra.ca reported.

San Francisco - PlanetOut (NASD: LGBT), the publisher of gay magazines The Advocate and Out and operator of websites including Gay.com, announced on Tuesday that it has retained Allen & Company to assist in the exploration of strategic alternatives, including a possible sale of the company.

New York - The creator and executive producer of Showtime Networks' "The L Word" series, Ilene Chaiken, announced on Monday that she has partnered with a group of women from the entertainment and technology industries to launch an online social network for lesbians and their friends.