I forgot
about this important bit of news...
This was passed along to me by Rob Stephenson yesterday: Bill Gates Rescues Planet Out
Yay! This means that at least one of my publishers isn't going to go under any time soon.
"Word leaked out over the holiday break that someone had come to the rescue of troubled gay media empire PlanetOut, whose stock (Nasdaq: LGBT) closed at a paltry $1.66 a share on Tuesday. A news release said that the company had (mysteriously) raised "$26.2 million in private placement financing." The Seattlest is now reporting that it was Microsoft co-founder Bill Gates, aka the second richest man in the world, who did the good deed, keeping the doors open at The Advocate, Gay.com, PlanetOut.com and Out magazine for the foreseeable future.
This was passed along to me by Rob Stephenson yesterday: Bill Gates Rescues Planet Out
Yay! This means that at least one of my publishers isn't going to go under any time soon.
"Word leaked out over the holiday break that someone had come to the rescue of troubled gay media empire PlanetOut, whose stock (Nasdaq: LGBT) closed at a paltry $1.66 a share on Tuesday. A news release said that the company had (mysteriously) raised "$26.2 million in private placement financing." The Seattlest is now reporting that it was Microsoft co-founder Bill Gates, aka the second richest man in the world, who did the good deed, keeping the doors open at The Advocate, Gay.com, PlanetOut.com and Out magazine for the foreseeable future.
"Some
have suggested this may be Gates' attempt at redeeming himself for letting Microsoft go
neutral on Washington state gay rights legislation a couple of years ago,
but given the fact that that the gays are just wild about Macs, perhaps he's
trying to woe some to the PC world."
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