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08-Nov-2016 13:05

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.

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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.