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CNET NEWS -- Jan 14 -- A third of the staff were laid off this week at Planet Out.On January 8, Planet Out issued a press release announcing that it was merging with its competitors Here Networks and Regent Entertainment Media, the publishers of LGBT magazines The Advocate, Out, and HIVPlus.
On October 14, 2004 Planet Out went public and became the first gay-directed business to trade its stock on a major United States stock exchange (the Nasdaq).
was a public media and entertainment company founded by Tom Rielly in 1995, exclusively targeting the lesbian, gay, bisexual and transgender (LGBT) demographic.
It operated several LGBT-themed web sites, the first being an independent producer Forum on the Microsoft Network (MSN).
In 1995, the management team was preparing for its first significant TV interview.
The online-dating site had gone live that same year, and Gary Kremen, the founder and CEO, was slotted to speak.
”“We have now been together for nearly four months.