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Pink Triangle Press sells its OUTtv shares

Pink Triangle Press sells its OUTtv shares

PTP's president and executive director will remain on OUTtv board
Pink Triangle Press (PTP), Xtra and Fab magazines' parent company, has sold its shares in OUTtv, Canada’s national gay and lesbian television network.
 
The sale paves the way for increased investment in sex-positive community journalism, says Ken Popert, PTP’s president and executive director, who will remain on OUTtv’s board of directors.
 
James Shavick and his partner, Joy MacPhail, have purchased the shares, consolidating their position as the majority shareholders of OUTtv.
 
The move increases Shavick’s stake in the cable channel from about 52 percent to about 95 percent.
 
“Participating in the ownership and management of OUTtv for nearly a decade has greatly expanded the capabilities of our organization,” Popert says. “But our future is on the internet and in the mobile space, and the sale of our OUTtv interest will allow us to focus on those.”
 
For more than 40 years PTP has been Canada’s preeminent gay media organization, best known for the Xtra community publications in Toronto, Vancouver and Ottawa, and Fab magazine.
  

Comments

OutTV is out
I dumped my subscription to OutTV a long time ago. If I were to subscribe to any gay channel, whether on TV or internet, it would be 720p or higher, show the uncut/unrated versions of films or series (preferably introduced by a knowledgeable host), and show some new shorts every two or three months, instead of years.
Sinking Ship
Pink Triangle Press is a shell of its former self. Although the Internet and smart phones are mostly to blame, PTP's extreme far-left, pro-muslim agenda has turned off most Canadian gays to your product. I predict the dead-tree versions of Xtra! to be scrapped next - it must cost a fortune to print that crap.
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