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Dave from Queens commented on 'Out' lays off its entire editorial staff, but editor Aaron Hicklin wants to hire 'most' back into his new startup

Why does Here Media persist in this fiction that it is not owned by Regent Entertainment? According to SEC filings, Stephen Jarchow, Regent's chairman, is Here's chairman and owns 51 percent of Here, and Paul Colichman, Regent's CEO, is Here's CEO and owns 35 percent of Here. Here and Regent also share the same CFO. Colichman and Jarchow are the majority owners of Regent. The two guys who own Regent own 86 percent of Here. That pretty much makes you a subsidiary.

Posted on April 18th, 2012 7:13pm