Regent
Entertainment Media, publishers of The Advocate
and Out magazines and owner of the here! TV
network announced Thursday that it has signed a merger
agreement with PlanetOut Inc. The combined company will be
known as Here Media Inc, 80% of which will be owned by
the owners of Regent Entertainment Media.
In addition
owning here! TV, The Advocate, and
Out, Regent Entertainment Media also publishes
HIV Plus magazine and Alyson Books. Its
online presence includes Advocate.com, Out.com, HIVPlusMag.com, OutTraveler.com, and
SheWired.com.
PlanetOut runs two of the longest-established gay sites on
the Web, PlanetOut.com and Gay.com.
"This
business combination will unite a powerful broadband video
solution with an iconic brand and a leading URL in the
LGBT community," said Paul Colichman, CEO of
Regent Entertainment Media. "We are extremely excited
about the opportunity to leverage this exceptional
collection of assets to expand our audience, grow our
revenues, and increase stockholder value."
(Advocate.com)
