Out & The Advocate Sold for Paltry $6 Million
There are new details on Regent Entertainment’s bid to buy The Advocate and Out.
San Francisco Business Times informs us that Regent, which owns gay network here!, gave PlanetOut an initial $500,000 to seal the deal, but the final sale will total $6 million in cash - far cheaper than we anticipated.
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Editorial Director
Oh la la, they can be my hit men anytime!!! I see they sold that tired rag call Out…it's gone to uptown for my rough tastes.