Gay Financial Network to Partner With Out Magazine

Posted on August 4, 1999

The Gay Financial Network, an online provider of financial and business news to the gay and lesbian community, and Out Publishing Inc., parent of Out, a gay and lesbian magazine, have announced their plans to launch Out.com. Jeffrey L. Newman, president and COO of gfn.com, and Henry E. Scott, president and editorial director of Out Publishing Inc, made the announcement. The site, which is expected to go live in October, will provide a mix of news, views and interactive features etailored to the needs and interests of America's gay and lesbian cyber-enthusiasts.

"Out.com brings together Out magazine, the largest gay print publication, and gfn.com, the most highly influential gay Internet player," Newman said. "This partnership of such immediately recognizable and respected brand names certifies the role of the Internet as the most important and most powerful place for timely, topical and cogent news, information and services to the gay and lesbian community."

Newman will serve as president and CEO of Out.com. gfn.com's Chief Technology Officer Alex Karamangolou will serve as executive vice president. Together, they will design, launch and maintain the new site, which will be hosted and housed at gfn.com's corporate office in New York City. Out.com's editorial and advertising teams will be entirely autonomous and independent of those of both gfn.com and Out magazine. Gfn.com will be Out.com's main financial content provider. Editorial direction for the site will be provided by Newman.