Window Media
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Window Media was a gay press publishing company that acquired and operated gay and lesbian newspapers and magazines in the 2000s. The company's publications had a combined readership in excess of 400,000 at its height. It was owned by Avalon Equity Partners. It is not to be confused with Windows Media.
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[edit] Publications
[edit] Newspapers
[edit] Magazines
[edit] Financial Woes
Avalon Equity Fund, an investment fund that owns several gay media outlets including Washington Blade, South Florida Blade, 411 Magazine, David Atlanta, Southern Voice (SOVO) and Genre Magazine were found to be in a condition the Small Business Administration (SBA) refers to as capital impairment. This means that Avalon did not maintain the necessary outside investments required under the terms of loans borrowed from the SBA totaling $38M. A lawsuit filed by SBA revealed Avalon had little or no outside capital left due to divestiture by investors, losses in revenue or asset values or a combination of the three. Avalon Equity Fund is in receivership with SBA, which will allow SBA to sell off its assets to satisfy the loans.
On November 16, 2009, all publications under Window Media management were shut down because of the financial status of its parent company, Window Media and its majority stockholder, Avalon Equity Partners.[1][2]
[edit] References
- ^ Wheatley, Thomas (2009-11-16), "UPDATE: Southern Voice, David shut down", Creative Loafing, http://blogs.creativeloafing.com/freshloaf/2009/11/16/southern-voice-david-shut-down/, retrieved 2009-11-16
- ^ Swartz, Kristi (2009-11-16), "Southern Voice, longtime gay and lesbian newspaper, shuts down", The Atlanta Journal-Constitution, http://www.ajc.com/news/atlanta/southern-voice-longtime-gay-199719.html, retrieved 2009-11-16
[edit] External links
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