The Advocate and Out, two of the bigger names in LGBT magazine culture, have been swooped away from PlanetOut to the multi-platformed, queer-focused Regent Media.

Regent now owns those publications as well as The Out Traveler, HIV Plus, Alyson Books, and the Gaywired Media triumvirate (Gaywired, Shewired, and Gaysports). The company also produced Gods and Monsters and owns here! Networks, "America’s premium gay and lesbian television network." Regent owners Stephen Jarchow and Paul Colichman are the Donald Trumps of gay industry — with better hair and without the sleeping wit hot female models thing.

First order of business? Setting up video podcasting so The Advocate can go cover the DNC.

Press release after the jump:

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