LOS ANGELES – Here Networks LLC has completed its merger with PlanetOut Inc. The new public company resulting from the merger has been named Here Media Inc. Stephen P. Jarchow serves as chairman and Paul Colichman serves as chief executive officer.
A majority of the holders of outstanding shares of PlanetOut Inc. common stock voted in favor of the merger June 10.
“The close of this deal represents an exciting moment for LGBT consumers across the globe,” Jarchow said. “We look forward to bringing new features that will enhance the user experience and keep our customers engaged.”
Here Media Inc. produces and distributes niche LGBT content across all platforms worldwide. The company’s distribution platforms include theaters, television, video on demand, broadband, online, print and mobile. It earns subscription, advertising and licensing revenue from its award-winning content.
Here Media owns and operates Here Studios, a full-service motion picture studio; Here Films, a motion picture distribution company; here! Networks, a premium television network featuring programming that appeals to a gay and lesbian audience airing in 96 of the top 100 US markets; print brands including Out, Advocate and HIV Plus as well as Alyson Books; online properties including Gay.com, Planetout.com, Advocate.com, Out.com and SheWired.com.
Jarchow and Colichman, along with current PlanetOut Inc. Chairman Phil Kleweno, will serve as the initial board of directors for Here Media.
