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Keyword: avalonequityfund

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  • Gay Media in Receivership [Washington Blade, others; Dinosaur Media Deathwatch?]

    02/07/2009 10:54:20 AM PST · by lainie · 22 replies · 1,185+ views
    Gay City News ^ | 2-6-2009 | Duncan Osborne
    The investment fund that owns the Washington Blade, the Southern Voice, Genre magazine, and other gay publications has been forced into receivership by the federal Small Business Administration (SBA), which will sell the fund's assets and distribute the proceeds to investors. "As a consequence of defendant's continuing violation... SBA is entitled to the injunctive relief... including the appointment of SBA as receiver of [the Avalon Equity Fund]," the SBA wrote in an August 2008 court filing, which was only recently found by Gay City News. Avalon, which owns a stake in the company that publishes the New York Blade and...