Gay Magazines Saved!
Out & The Advocate find a savior
We didn't actually think Out and The Advocate were at risk of folding — but spun off as an independent company? The possibility crossed our minds.
But never mind with all that! Their cash-strapped parent, PlanetOut Inc., just announced it secured $26.2 million in some type of financial arrangement that might be classified as, um, a sale? Queerty tries to suss things out; we remain confused. But alas, Out's Aaron Hicklin will still have his monthly underwear model budget. Rejoice!
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[...] Inc. has the world's richest person to thank for bailing it out from its financial troubles. None other than Bill Gates, through his Cascade Investment, is among [...]
[...] Inc. has the world's richest person to thank for bailing it out from its financial troubles. None other than Bill Gates, through his Cascade Investment, is among [...]
[...] Inc. has the world’s richest person to thank for bailing it out from its financial troubles. None other than Bill Gates, through his Cascade Investment, is among [...]