PlanetOutReport: Layoffs Hit LGBT Media Firm PlanetOutAuthored by Mark Hefflinger on January 15, 2009 - 11:25am.
San Francisco - PlanetOut, a media firm focused on the LGBT community, has laid off at least a third of its staff, CNET News.com reported, citing a PlanetOut contractor and a former employee. S.F.-Based PlanetOut to Merge with Regent Media, Here NetworksAuthored by Jay Baage on January 9, 2009 - 10:37am.
San Francisco - Following months of financial struggles, PlanetOut, the San Francisco-based media and entertainment firm focused on the gay and lesbian market, said that it has signed a deal to merge with Regent Media, the Los Angeles-based owner of gay-focused cable network Here Networks. Regent Media Completes Acquisition of PlanetOut PublishingAuthored by Mark Hefflinger on August 26, 2008 - 8:32am.
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. Gay Media Firm PlanetOut Faces Delisting From NasdaqAuthored by Mark Hefflinger on August 12, 2008 - 8:37am.
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. PlanetOut Sells Publishing Unit to Here Networks for $6 MillionAuthored by Mark Hefflinger on April 10, 2008 - 8:52am.
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. tags: Deals | Acquisitions | Magazines | Publishing | PlanetOut | LGBT | The Advocate | Gay.com | here Networks |
Gay Media Firm PlanetOut to Explore Sale of CompanyAuthored by Mark Hefflinger on January 15, 2008 - 9:44am.
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. Gay Media Firm PlanetOut Sells Off RSVP Vacations UnitAuthored by Mark Hefflinger on October 12, 2007 - 7:21am.
San Francisco - PlanetOut, a media company focused on the LGBT community, announced that it has entered into an agreement to sell its RSVP Vacations unit to Atlantis Events, a company that offers all-gay cruise, resort and tour packages. tags: Deals | Acquisitions | Magazines | Publishing | PlanetOut | RSVP Vacations | Atlantis Events |
LGBT Media Firm PlanetOut to Effect 1-for-10 Reverse Stock SplitAuthored by Mark Hefflinger on September 5, 2007 - 7:57am.
* A correction has been made to this story. Former PlanetOut President Launches Online Gay Ad NetworkAuthored by Mark Hefflinger on August 15, 2007 - 4:04pm.
Los Angeles - Mark Elderkin, the founder of Gay.com and former president of gay media company PlanetOut, has launched the Gay Ad Network, a vertical online advertising network comprised of over 200 websites targeting the LGBT community. Launch partners include local gay newspapers, national gay magazines, gay content websites and gay social networking services, such as the Washington Blade; Genre Magazine; OutSports; Connexion.org; TheLWordOnline.com; and ProudParenting.com. The company will use online ad firm Adify's self-service ad platform for its offering. Gay Media Firm PlanetOut Lays Off 15% of StaffAuthored by Mark Hefflinger on July 19, 2007 - 12:31pm.
San Francisco - Gay media firm PlanetOut, the publisher of The Advocate and owner of Gay.com that has been struggling financially of late, said on Thursday that it has laid off about 15% of its staff. Gay Media Firm PlanetOut Closes International OfficesAuthored by Mark Hefflinger on July 12, 2007 - 5:05pm.
San Francisco - Gay media company PlanetOut announced on Thursday that it will close its international offices in Buenos Aires and London. The struggling San Francisco-based company last week raised $26.2 million in new financing, up against a deadline to raise funds to pay off existing loans. "While we plan to continue serving our global audience, we made this decision to streamline our business operations and reduce expenses," said PlanetOut CEO Karen Magee. Gay Media Firm PlanetOut Raises $26.2 MillionAuthored by Mark Hefflinger on July 2, 2007 - 9:51am.
San Francisco - PlanetOut, a publisher of print and online media for the gay community, including The Advocate and Gay.com, announced on Monday that it has raised $26.2 million in financing through a private placement of its shares. Career Moves: February 26, 2007Authored by dmw on February 26, 2007 - 4:04pm.
Career Moves is made possible by @HIRE. Career Moves: February 15, 2007Authored by dmw on February 15, 2007 - 6:08pm.
Career Moves is made possible by @HIRE. PlanetOut Debuts Digital Versions of The Advocate, Out MagazinesAuthored by Mark Hefflinger on October 10, 2006 - 3:35pm.
San Francisco - Gay magazine publisher PlanetOut, whose publications include The Advocate and Out, on Tuesday announced the launch of a new digital delivery system that will give subscribers the additional option of receiving magazine issues electronically. The company did not name a distribution partner, but said the digital versions are identical to the print editions and are viewable with a free player.
PlanetOut, Showtime Launch Online Personals for "The L Word" FansAuthored by Mark Hefflinger on February 16, 2006 - 8:07am.
San Francisco - Gay media company PlanetOut said on Thursday that it has partnered with Showtime Networks, to launch co-branded online personals for fans of Showtime's "The L Word."
PlanetOut Acquires RSVP Productions for $6.5 MillionAuthored by Mark Hefflinger on January 24, 2006 - 9:51am.
San Francisco - PlanetOut, a gay-focused media company that owns Gay.com and publishes the magazines Out and The Advocate, announced on Tuesday that it has acquired RSVP Productions, a marketer of gay and lesbian travel events, for $6.5 million in cash plus up to $3 million in additional considerations. Minnesota-based RSVP posted $7.2 million in revenue in 2004 and $8.3 million in revenue for the first nine months of 2005.
PlanetOut Sites to Offer Q Television Gay VOD ContentAuthored by Mark Hefflinger on November 22, 2005 - 11:06am.
San Francisco - PlanetOut, an online media company focused on the gay community, announced on Tuesday that it has signed an agreement with gay cable TV network Q Television, to offer QTN original programming on its PlanetOut Video broadband entertainment service. The PlanetOut Video service, which launched in September for the combined 5 million users on Gay.com and PlanetOut.com, will offer QTN programs including "Brunch," "On Q Live" and "The Reichen Show."
PlanetOut Acquires Publisher of The Advocate, OUT Magazines for $31 MillionAuthored by Mark Hefflinger on November 10, 2005 - 8:25am.
San Francisco - PlanetOut, a media and entertainment company focused on the gay community, announced on Thursday that it has acquired the assets of LPI Media -- publisher of gay magazines OUT and The Advocate -- for $31.1 million. San Francisco-based PlanetOut's media properties include Gay.com, PlanetOut.com and Kleptomaniac.com. LPI Media, whose magazines have a combined circulation of 8 million, expects 2005 revenues of approximately $29 million. PlanetOut said that, for the first nine months of 2005, the combined company would have derived 41% of revenue from advertising, 45% from subscriptions and 14% from transaction services, adding that the acquisition will likely nearly double its estimated 2005 annual revenue. "This transaction will further advance our strategy of building a far-reaching media and entertainment company which aggregates the largest gay and lesbian media brands," said PlanetOut chairman and CEO Lowell Selvin. "This combination provides a larger, more diverse foundation for additional growth, particularly in our advertising business, as it becomes a larger percentage of our overall revenue, and it enables us to better reach the markets we serve, driving higher growth in a more cost-effective manner."
PlanetOut Launches Video-on-Demand With Sundance Doc SeriesAuthored by Mark Hefflinger on July 13, 2005 - 10:14am.
San Francisco -- PlanetOut, an online media company focused on the lesbian, gay, bisexual and transgender community, on Wednesday announced plans to launch a broadband Internet video-on-demand service with programming from TV networks, movie studios and its online community of 5 million members. PlanetOut Video will offer content from partners including Sundance Channel, which will premiere the first episode of its 8-pary documentary series on gender reassignment, "TransGeneration," on the service before it airs on Sundance and MTV's Logo in September. PlanetOut Video will also offer a Gay TV Guide for locating LGBT-related cable and network TV programs. The company will add member-generated video content to the service in 2006. "We believe that PlanetOut Video will allow us to establish relationships with a wider range of advertisers, such as movie studios, TV networks, and Fortune 500 advertisers wanting to engage the gay market through video and thirty-second ad spots," said PlanetOut president Mark Elderkin.
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