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July 03, 2008
John Waters calls him "the gay Citizen Hearst"
The Los Angeles Times website is almost impossible to find things serendipitously on a given topic, such as this Claudia Eller profile of entrepreneur Paul Colichman and his burgeoning media empire. A few days late, but still of note: "Cult filmmaker John Waters calls him "the gay Citizen Hearst." ... Five years ago, Colichman and his business partner launched Here, television's only premium gay cable network. Now, with an eye toward building their empire, they recently made a $6.5-million deal to buy the popular news magazine the Advocate, style monthly Out and other sister publications... "People say, 'Why would you buy a print publication when you're really in the television business?' " said Colichman. "But our point of view is that everything is cross-platformed now -- we are in the content business, and to generate profit you need to be everywhere." Colichman, 46, and his odd-couple business partner, Stephen P. Jarchow -- a straight family man from the Midwest -- also produce and distribute low-cost films and TV shows at their 13-year-old company, Regent Entertainment... "We realized that if you're self-financed, we had to pick a niche if we were going to truly be successful," Colichman said. "We knew that going head-to-head with the studios, we'd get our head handed to us sooner or later." [More at the link.]
Posted by Ray Pride at July 3, 2008 09:34 AM
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