MTV Networks’ Logo has acquired news site 365Gay.com and Erosion Media’s AfterEllen.com and AfterElton.com; it will combine the three with Logoonline.com. Erosion Media co-founder Sarah Warn will stay on as an executive producer for Logo; 365Gay.com founder Rob Sands will be a consultant. No financial details.
Logo is the ad-supported network targeting LGBT viewers, launched by MTV Networks on June 30, 2005.
Some more details here.