|
May 12, 2007
Quickie Link: Cash Crisis Closing in on PlanetOut
|
|
 |
By vanrozenheim
|
(USA) - After becoming the dominant media company for the gay community, PlanetOut Inc. is now just trying to survive. The San Francisco owner of Gay.com, along with the Advocate and Out magazines, disclosed this week that it will run out of money before the end of the year without an infusion of cash. In the report, PlanetOut said it lost $6.9 million in its fiscal first quarter, compared with a $132,000 loss a year earlier. Revenue totaled $16.8 million, down from $17.6 million during the same period a year ago.
| Print this article  |
Advertisements
|
|
|
|
| |
