PlanetOut sells publishing division

SAN FRANCISCO: PlanetOut, owner of gay and lesbian focused titles such as Out and Advocate, will sell its publishing business to New York-based Here Networks for $6 million. The deal is expected to close by Aug. 31, according to media reports. PlanetOut reported a $51.2 million loss for 2007. PlanetOut.com and Gay.com are not part of the deal.

SAN FRANCISCO: PlanetOut, owner of gay and lesbian focused titles such as Out and Advocate, will sell its publishing business to New York-based Here Networks for $6 million. The deal is expected to close by Aug. 31, according to media reports. PlanetOut reported a $51.2 million loss for 2007. PlanetOut.com and Gay.com are not part of the deal.

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