PlanetOut Gets NASDAQ Warning

NASDAQ has issued a warning to PlanetOut that the company has not maintained the required $5M minimum value of publicly held shares and may be delisted from the exchange. The company has until October 30th to up its value. Earlier this year PlanetOut sold their magazine division (Out, Advocate) to Regent Releasing, the owners of gay cable network Here! TV. It is thought that the greatest asset remaining at PlanetOut is its ownership of the domain Gay.com.