Web 2.0 News

MTVN Acquires Another LGBT Network
MTV Networks has acquired DowneLink, a multicultural, LGBTQ (Lesbian / Gay / Bisexual / Transgender / Questioning) social networking site. The financial details of the deal were not disclosed. DowneLink has a reported 400,000 members, more than 72% of which are African-American, Asian or Latino, making it a good buy for MTVN, which seems to be broadening its scope of LGBT sites and demographics.

Source: http://mashable.com/2007/08/15/mtvn-downelink/