Tameka Kee
Jan 9, 2009 12:07 AM
Troubled lesbian, gay, bisexual and transgender (LGBT)-centric media company PlanetOut has finally found a buyer of sorts. The company is merging with here! Networks, which develops original *LGBT* content for cable, satellite TV and the web, and media holding company Regent Entertainment to form Here Media. Regent and Here will…
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Media & Publishing, Magazines, Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, here networks, planetout
Joseph Weisenthal
Aug 10, 2008 8:23 PM
From our we-kill-ourselves-so-you-don’t-have-to department, the mind-numbing details of some recently filed 10-Qs: —McClatchy: Certain McClatchy (NYSE: MNI) internet properties are in decline. Last month, the company confirmed that it was selling its stake in ShopLocal to Gannett (NYSE: GCI), and as we noted, the transaction marked a sharp decline in…
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Money, Earnings, Companies, McClatchy, hollywood media, internet brands, media general, planetout
Rafat Ali
Apr 9, 2008 8:46 PM
The troubled online gay and lesbian portal PlanetOut (NSDQ: LGBT) has signed a binding Letter of Intent (LOI) with an affiliate of here! Networks to sell its magazine and book publishing businesses, for a total of $6 million in cash. The deal is with Regent Releasing, an affiliate of NYC-based…
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Money, M&A & Venture Capital, Mergers & Acquisitions, planetout
Joseph Weisenthal
Feb 29, 2008 6:49 PM
PlanetOut (NSDQ: LGBT), which said in January that it was exploring strategic alternatives and that all financial info would be filed through the SEC, has released some very bare-bones Q4 figures at 6:30 PM (ET) on a Friday: The gay and lesbian-oriented media company reported revenues of $13.2 million, down…
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Money, Earnings, planetout
Joseph Weisenthal
Jan 14, 2008 6:50 PM
Gay and lesbian internet portal PlanetOut (NSDQ: LGBT) announced this evening that it is exploring strategic alternatives, including a possible sale. The company has been struggling for some time, and has seen its stock price fall precipitously in the past year. In its most recent quarter, the company said that…
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Money, M&A & Venture Capital, Mergers & Acquisitions, planetout
David Kaplan
Nov 1, 2007 4:11 PM
Gay and lesbian media portal PlanetOut (NSDQ: LGBT) continued to struggle with its financial difficulties in Q3, as the San Francisco company reported a GAAP net loss of $4.8 million, a widening of 220 percent from last year’s $1.5 million net loss. Total revenue for the quarter was fell slightly…
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Money, Earnings, planetout
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