Q Television Network, a start-up gay media firm, announced that it has obtained intermediate financing from a $1 million loan and equity placement of $1 million through a private investment fund. The company is still looking or more financing in order to get programming for the proposed network and meet other business goals, according to company president Frank Olsen.
Q Television Network will be devoted to providing programming for the gay and lesbian community. The company plans to broadcast 24 hours a day, and will be available through satellite broadcast on a subscription basis.
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