Those gay magazines Out and The Advocate are not in trouble of imploding, despite reports! In addition to The Advocate undergoing some cosmetic changes to save itself, there’s hope on the horizon. (Well, let’s put “hope” in quotes.)

In between pointing its feet toward Jesus, Queerty relays this statement of clarity from PlanetOut, which owns LPI Media, publisher of those rags.

PlanetOut Inc.’s first major hurdle in its uphill climb toward fiscal solvency is just days away. After posting a $6.9 million loss the first quarter of this year, the company’s lender set June 30 as the date by which it must raise at least $7 million—with another $8 million to come by August 31.

That’s June 30, as in tomorrow (when our attention will be on Janice Min, of course). It’s going to be mildly amusing when they don’t reach those cash infusion goals, especially since the gays are just so affluent these days.

Original post by perez and software by Elliott Back