Media Bill Gates Saves Gay Media
posted by on July 5 at 9:57 AM
Remember those news reports about the dire financial troubles threatening to sink PlanetOut, the gay media company behind the lifestyle mags The Advocate and OUT, the skin mags Unzipped and Freshmen, and the website Gay.com?
Well, it looks like PlanetOut is safe for now, thanks in no small part to the world’s second richest man Bill Gates, whose Cascade Investment group is one of the “new and existing accredited and institutional investors” who supplied PlanetOut with the approximately $26.2 million it needed to keep going.
Thanks to Seattlest for bringing this story to the attention of Towleroad (where I read it this morning), and for creating that irresistible jpeg up there.
Full press release about the deal here.
Who's hotter? A young Bill Gates or the guy on the screen?
That picture is horrifying.
I was thinking the same thing, Tim. That's the funny thing about youth. A fellow middle-aged friend once said, "Even the ugly ones are cute."
But cute is only cute.
Someone at work just wondered after seeing that picture if Bill Gates is well hung. I have to go throw up now....
Bill is cool billionaire.
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