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We bring you more bad news for queer publishing with another company closing its doors. Bruno Gmünder, the German publishing house known for its sexy coffee table books and the Spartacus International Gay Guide, has filed for bankruptcy. This filing happens a week after announcing that its Männer magazine for gay men will no longer have a print edition and exist online only.
Bummer. We love their covers!
Bruno Gmünder first declared bankruptcy back in 2014 but found an investor. Frank Zahn bought up all the partnership shares and aimed to make the company some money.
But Zahn’s unexpected death in February saw the company slip into a financial crisis it could not solve.
Kriss Rudolph, the former editor-in-chief of Männer, opened up to Gay Star News regarding the matter. Rudolph left the magazine earlier this year, and the recent news of the company’s dire financial situation does not come as a surprise to him. Rudolph said, “On one hand, in February, the publisher’s CEO died, and he bought the publishing house three years ago. And it was ever so often, punctually, that he, Frank Zahn, would have to put money from his private funds into the publisher.”
When Zahn died, Rudolph wondered where that money would come from. Once invoices were paid later and later, he knew something was up. He is still owed his last check.
This is just one more downfall in LGBTQ media publishing that has been a constant headline in recent months. Last fall, Multimedia Platforms Worldwide announced bankruptcy, dissolving iconic print brands Frontiers, Next Magazine and FunMaps. The New York Post reported that titles Out and The Advocate are up for sale.
Other changes in the world of LGBTQ media include Davler Media Group’s acquiring of the magazine Metrosource and GT magazine, formerly Gay Times, getting a new owner, James Frost. Famed queer publication the Washington Blade is also expanding its print empire by launching a sister publication, the Los Angeles Blade.