New CEO for QTN

It was announced Tuesday that Lloyd Fan would be stepping in as CEO of Triangle Multi-Media Limited and Q Television Network, taking over for QTN founder Frank Olsen. The network has been rocked with layoffs and paycheck delays over the last several weeks, and current programming is being overseen by a skeleton crew. The entire board of directors of both Triangle and QTN have vacated their positions, with a new structure to be announced imminently.

"The QTN business model presents a multitude of possibilities, and I look forward to taking outgoing chairman Frank Olsen's vision to the next level," said Fan in a statement. "I am committed to building an exceptionally strong, experienced management team, fortifying QTN's business partnerships, and strengthening the network's commitment to providing high-quality, engaging television programming focused on the GLBT community."

Fan, according to a QTN press release, "brings many years of achievement in corporate finance, strategic growth initiatives, OEM manufacturing, international trade and product direct-distribution through his Best Prop Holding Group--which owns Pat Prod Productions and Patented Product Industries. With a proud and proven track record, Mr. Fan is highly respected in the financial, manufacturing, and service sector throughout Asia." (Advocate.com)