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The editorial staff of some of the country’s most prominent LGBTQ+ publications presented a united front Monday, publicly demanding answers from their parent company equalpride after a report revealed that one of its board members had expressed support for President Donald Trump and the MAGA movement.

The controversy came just two weeks after equalpride CEO Mark Berryhill enthusiastically announced that Jay Katari would take a more active role across the company. Equalpride has owned the LGBTQ+ news brands The Advocate, Out, Pride.com, Out Traveler and Plus since 2022 and acquired Them this year.

  • BonkTheAnnoyed ( BonkTheAnnoyed@piefed.blahaj.zone ) English
    5·
    15 days ago

    Berryhill told employees Monday that equalpride came to know Katari through a private equity fund that has helped finance the company for several years. Katari is an investor in that fund, which holds interests in businesses across several industries, Berryhill said.

    Private equity will lead to the destruction of these formerly independent news outlets. Accelerating consolidation, driven by private equity, hastens that end.

    Like @anothercatgirl@lemmy.blahaj.zone posted, a co-op would be a better solution