Out magazine nearly went bust during Pride month: Vice News

Out magazine received an “eleventh hour capital infusion” totaling several hundred thousand dollars that will allow the glossy title to pay contributors, vendors and partners, Vice News reported. Out magazine’s owners have “proven chronically unable or unwilling to pay freelancers and vendors” over the last several months, the story said. Pride Media, parent of Out, is backed by Fisher Capital Investments and Oreva Capital, according to PitchBook.