Main | Friday, October 12, 2007

PlanetOut Unloads RSVP Cruises

Continuing to shed lackluster properties, PlanetOut has sold their RSVP cruise business to main rival Atlantis Events for an undisclosed amount. The sale will not affect RSVP's scheduled itinerary or passengers already booked. According to reports, Atlantis plans on maintaining the RSVP brand.

In June this year, PlanetOut sold SpecPub, their adult magazine division. CEO Karen Magee says the latest move is a continuation of the company's new focus on advertising-driven revenues. Fresh from a Corp-O-Speak conference, Magee said, "From a corporate perspective, we believe this transaction demonstrates to our shareholders that we are continuing to deliver on our commitment to leverage our strengths by simplifying our business model and emphasizing our core competencies."

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