Queerty.com is reporting that David Unger, owner of Avalon Equity Fund has been fired by the SBA. Apparently, Unger, who's company owns a majority stake in Window Media has been trying to sell off parts of his company before a liquidation by the SBA. See Queerty's story.
Window Media is the owner of David Atlanta and the Washington Blade among others. They have recently closed Genre Magazine, but for some reason it still exists on their website.
As this once Gay media powerhouse, along with many mainstream pubs are facing a questionable future, Here Media LLC has just finished acquiring PlanetOut.com and Gay.com completing their merger. They are now the "end all" of Gay publishing after they also acquired Out and The Advocate magazines.
According to my sources at Here, they are doing very well and our sacred publication, The Advocate seems to be in good hands.