MySpace is the New AIDS: What's Killing (the Magazines for) Gays

Out%20mag--AC%20cover.JPG

Whenever we get the chance to roll in the hay with our gay cuz Queerty, we take it. And thanks to the misfortunes of PlanetOut Inc. – owner of Gay.com, Out, The Advocate, and RSVP Vacations – we're getting laaaaaaid! As Queerty was among the first to report, PlanetOut's outlook hasn't been so rosy. Sinking share price. Execs selling off stock. Cash strapped operations.

Now Queerty brings word that the situation is even more dire. Reports in the SF Gate claim that without a cash infusion, PlanetOut will run out of dolla dolla bills by the end of the year. It's not just hard out there for a pimp; it's hard out there for a gay media conglomerate who thought its well-lubed infrastructure would help cut costs and boost profit.

Meanwhile, during a recent interview with Out editor-in-chief Aaron Hicklin, we were assured that the future of his magazine was safe. He wouldn't comment on the LGBT ticker symbol's troubles, but his glossy rag is, supposedly, treading water just fine.

You know, the glossy rag that's loaded with ads for its parent company's RSVP Vacations — the same RSVP Vacations that's being blamed for much of PlanetOut's woes. Not that all the guys who used to cruise Gay.com are now on MySpace, Facebook, and Dlist or anything.

May 14, 2007 · posted by David Hauslaib, Jossip · Link · 6 Responses
Related Posts

  • No related posts found.
  • Comments (6)

    No. 1 The Advocate’s Makeover Will Be So Glam, You’ll Forget It’s Barely Surviving / Jossip says:

    [...] LPI Media, the publishing division of PlanetOut Partners that spits out Out and The Advocate, is in dire straits. Money ain't flowin', and like a Friday night trick, there are bills to pay. So what to [...]

    Posted: Jun 25, 2007 at 11:37 am
    No. 2 Hollywood Bedroom » Blog Archive » The Advocate’s Makeover Will Be So Glam, You’ll Forget It’s Barely Surviving says:

    [...] LPI Media, the publishing division of PlanetOut Partners that spits out Out and The Advocate, is in dire straits. Money ain't flowin', and like a Friday night trick, there are bills to pay. So what to [...]

    Posted: Jun 25, 2007 at 11:53 am
    No. 3 Out & The Advocate Only Need $7 Million By Tomorrow to Stay Afloat / Jossip says:

    [...] gay magazines Out and The Advocate are not in trouble of imploding, despite reports! In addition to The Advocate undergoing some cosmetic changes to save itself, there's hope on [...]

    Posted: Jun 29, 2007 at 11:58 am
    No. 4 Hollywood Bedroom » Blog Archive » Out & The Advocate Only Need $7 Million By Tomorrow to Stay Afloat says:

    [...] gay magazines Out and The Advocate are not in trouble of imploding, despite reports! In addition to The Advocate undergoing some cosmetic changes to save itself, there's hope on [...]

    Posted: Jun 29, 2007 at 1:17 pm
    No. 5 The Advocate’s Makeover Will Be So Glam, You’ll Forget It’s Barely Surviving at MyQaeda Celebrity Fashion Blog says:

    [...] LPI Media, the publishing division of PlanetOut Partners that spits out Out and The Advocate, is in dire straits. Money ain’t flowin’, and like a Friday night trick, there are bills to pay. So what to [...]

    Posted: Jul 18, 2007 at 6:10 pm
    No. 6 Out & The Advocate Only Need $7 Million By Tomorrow to Stay Afloat at MyQaeda Celebrity Fashion Blog says:

    [...] gay magazines Out and The Advocate are not in trouble of imploding, despite reports! In addition to The Advocate undergoing some cosmetic changes to save itself, there’s hope on [...]

    Posted: Jul 28, 2007 at 5:53 pm
    Leave a Comment

    It's easier to leave comments when you register for an account. It's quick.

    Already have an account? Then log in!

    Scroll Posts