It was only March that Genre magazine folded. Is David Unger’s entire gay media stable next?
We’re hearing from a source who delivered accurate information in the past — that Unger’s camp initially disputed but turned out to be true — that some 30 companies and individuals have been sent query letters to see if they’re interested in buying all of Window Media or pieces of it. What’s under that umbrella these days?
Last we checked: The Washington Blade, The Southern Voice, Express Gay News, David, Houston Voice, The New York Blade, 411 Magazine, and a minority stake in HX.
There’s a two-week timeframe for bidders, we’re told. The news follows previous reports of a cash crunch at the company and major departures, all of which Queerty was the first to tell you about, including how Unger (pictured, right, with former Genre publisher Bill Kapfer) was facing questions from the U.S. Department of Labor and how his Avalon Equity Fund being placed into receivership for failing to meet the Small Business Association’s loan requirements.
If you know more, tell us. But we’re hearing Regent Media (newish owner of Out and the Advocate) has expressed some interest.