Regent Media Merges with Planet Out, Assumes Majority Interest
Paul Colichman continues to add to his gay media holdings.
The Advocate reports:
"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 to here!, The Advocate, and Out, Regent Entertainment Media also publishes HIVPlus and Alyson Books. Its online presence includes Advocate.com, Out.com, HIVPlusMag.com, OutTraveler.com, GayWired.com, and SheWired.com. PlanetOut runs two of the longest-established gay sites on the Web, PlanetOut.com and Gay.com."
Said Colichman: "This business combination will unite a powerful broadband video solution with an iconic brand and a leading URL in the LGBT community. 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."