Planetout launched in August 1995 on the Microsoft Network; founded by Tom Rielly and a core team of co-founders including their first staff member Darren Nye as MSN Producer and Community Director, Christian Williams as Technical Director, Jenni Olson as Arts & Entertainment Producer (Popcorn Q) and Greg Gordon as News Producer.
Gay, lesbian, bisexual, and transgender community featuring social networking, personals, dating and chat.
serves as a global portal with comprehensive news and articles of community interest.
was a public media and entertainment company founded by Tom Rielly in 1995, exclusively targeting the lesbian, gay, bisexual and transgender (LGBT) demographic.
It operated several LGBT-themed web sites, the first being an independent producer Forum on the Microsoft Network (MSN).
Their initial public stock offering of 4.65 million shares gained 16% on the first day of trading, closing at $10.40. In November 2005 Planet Out Partners acquired LPI Media, the publisher of The Advocate, Out Magazine, HIV Plus, and Alyson Books, becoming the largest LGBT related Media Company, with multiple print magazines and multiple websites on various platforms/services.
Planet Out also maintained ownership of Specialty Publications, publishers of the three largest gay adult periodicals in the United States including Men, , Unzipped, and Freshmen.
In January 2006, Planet Out agreed to purchase RSVP Vacations, a gay and lesbian tour operator, for .5 million.
And in September 1996 Planet Out launched its services on the web at By late 1996, Planet Out was unable to attain the projected million in ad revenue and Tom Rielly was removed as President.
In January 1997, Sequoia Capital exited as an investor though America Online remained.
Megan Smith was subsequently appointed as CEO and Tom Rielly remained on the Board. was acquired by their largest competitor, to become Planet Out Partners, Inc.
On October 14, 2004 Planet Out went public and became the first gay-directed business to trade its stock on a major United States stock exchange (the Nasdaq).