Isn't the multi-culti niche supposed to be the one bright spot in the tsunami that is media revenue? Perhaps not. Since its incorporation in December 2000, PlanetOut — operator of Gay.com, Kleptomaniac.com, and, before selling them off, RSVP Vacations and Out and The Advocate magazines — has lost a total of $99.8 million. In 2007, CEO Karen Magee was paid, in salary and bonuses, a total of $522,600 for helping the company lose only $51.2 million that year. [SF Biz Times]