PlanetOut, which creates online media and entertainment for the gay and lesbian market, reported its Q1 results today and is Q1 losses widened on decreased sales and higher operating costs. Its loss totaled $6.9 million, compared with a loss of $132K in the same period last year. Revenues declined to $16.8 million from $17.6 million in the year-ago quarter. The company also lowered its full-year revenue outlook to between $70 million and $75 million, with an adjusted loss of $700K to $900K. Earnings release.  Meanwhile, its stock plunged about 30 percent on the stock market today, to an all time low of $1.76, down 73 cents.