Stiffs Printers, Staffers Suffer

More Trouble For ‘HX’?

HX magazine may have some big financial trouble on their hands. A reader-supplied rumor suggests the weekly New York fag rag’s having some trouble paying their bills:

HX has left a major creditor high and dry. Publisher Matthew Bank and his partner David Unger of Avalon Equity Group (which recently sold NY Press) stiffed it’s printer on Varick Street to the tune of more than $480,000.

HX, which also publishes NY Blade, also abandoned another debt for nearly one million dollars to a printer in Long Island. The printer filed bankruptcy and HX was forced to settle their payment to them, but on for pennies on the dollar.

Staffers at HX Media (HX, NY Blade and Gay Life Expo) were also told they will have to wait for their paychecks.

Perhaps all the pub’s dough’s been sunk into that $1.25 million go-go lawsuit.

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