PlanetOut Inc. used to have a monopoly on Serious Gay Media—they published Out and The Advocate. But they went into tremendous debt and sold their entire magazine and book publishing business to Regent Releasing (owner of Here!) for $6 million. Our favorite theory (because we know nothing of the workings of the gay media): "PlanetOut's financial problem are due to its expansion into the gay cruise business - where it has lost millions." Why on Earth can't that happen to The National Review? [Towleroad]