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| Type | Public (NASDAQ: LGBT) |
|---|---|
| Founded | 1995 |
| Headquarters | San Francisco, CA |
| Key people | Karen Magee, CEO Lowell Selvin, Chairman Mark Elderkin, Founder Gay.com |
| Products | Gay.com PlanetOut.com The Advocate Out Magazine |
| Employees | 131 |
| Website | PlanetOutInc.com |
PlanetOut Inc. is a public media and entertainment company exclusively targeting the lesbian, gay, bisexual and transgender (LGBT) demographic.[1] It operates several LGBT-themed web sites including Gay.com and PlanetOut.com, and in November 2005 acquired LPI Media, the publisher of The Advocate, Out Magazine, HIV Plus, and Alyson Books.
PlanetOut maintains ownership of Specialty Publications, publishers of the three largest gay adult periodicals in the United States including Men, [2], Unzipped, and Freshmen. In April 2007, PlanetOut released a letter of intent to sell LPI and Specialty Publications to Regent Releasing, which owns here! Films.[2][3]
In October 2007 PlanetOut announced the impending sale of its RSVP Vacations, a gay cruise and events company, to competitor Atlantis Events, Inc.[1] The sale was completed on December 17, 2007.[4]
The downfall of Planetout has been reported as mismanagement. [5]
In January 2009, PlanetOut Inc. announced plans to merge with Here Networks LLC and Regent Entertainment Media, Inc.; the merger needs to be approved by shareholders and regulators.[6]
References
- ^ a b PlanetOutInc.com (October 11, 2007). "PlanetOut Inc. Sells RSVP Vacations". Press release. http://www.planetoutinc.com/press/releases/?sernum=1398. Retrieved December 1, 2008.
- ^ Letter of Intent, April 7, 2008, retrieved 2008-05-11
- ^ Sass, Erik (2008-04-14), "PlanetOut Is Out Of Publishing (And $26 Million)", MediaDailyNews, http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=80435.
- ^ PlanetOutInc.com (December 17, 2007). "PlanetOut Inc. Closes Sale of RSVP Vacations". Press release. http://www.planetoutinc.com/press/releases/?sernum=1538. Retrieved December 1, 2008.
- ^ http://www.bloggingstocks.com/2007/09/05/planetout-cant-make-it-so-it-will-fake-it/
- ^ Brown, Steven E.F. (2009-01-09), "Sun sets on PlanetOut", San Francisco Business Times, http://www.bizjournals.com/sanfrancisco/stories/2009/01/05/daily78.html
External links
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Wikinews has related news: Major merger among American LGBT media outlets announced |
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