Atlanta, GA -- September 11, 2001 -- Silicon Valley Bank (the "Bank"), a wholly owned subsidiary of Silicon Valley Bancshares, announced it provided Atlanta- based Window Media, LLC with a $1 million cash flow-based acquisition term loan.
Window Media, a gay and lesbian newspapers publisher, used the financing to acquire specialty publications in Washington, D.C., and New York City.
"As a small but growing gay company, we were delighted to attract the interest of a mainstream institution like Silicon Valley Bank," said William Waybourn, president of Window Media. "Silicon Valley Bank not only provides us with our line of credit, but hands-on business expertise to improve upon our role as conduits of information between our newspapers and the lesbian and gay communities we serve."
"With the recent acquisition of publishing operations in Washington, D.C., and New York City, Window Media extends its successful niche publishing franchise into four of the nation's top 11 media markets," said John Brooks, senior relationship manager in Silicon Valley Bank's Media practice. "We are very excited about the future of this fine company and our new relationship with them."
About Window Media, LLC
Window Media is the nation's largest gay and lesbian newspaper publisher. Founded in 1997, it publishes the Washington Blade (www.washblade.com), Southern Voice (www.sovo.com), New York Blade News (www.nyblade.com), and the Houston Voice (www.houstonvoice.com). Its other publications include Eclipse (www.eclipse-mag.com) and SOVO magazine.
For more information about Window Media or any of its publications, visit www.window-media.com.
About Silicon Valley Bank
Silicon Valley Bank serves emerging growth and middle market companies in targeted niches, focusing on technology and life sciences, while also addressing other specific industries in which it can provide a higher level of service and better manage credit through specialization and focus.
The Bank operates throughout the Silicon Valley: Santa Clara, Palo Alto and Sand Hill, the center of the venture capital community in California. Other regional offices within California include: Irvine, Los Angeles, Napa Valley, San Diego, San Francisco, Santa Barbara, and Sonoma. Office locations outside of California include: Phoenix, Arizona; Boulder, Colorado; West Palm Beach, Florida; Atlanta, Georgia; Chicago, Illinois; Boston, Massachusetts; Minneapolis, Minnesota; Durham, North Carolina; Portland, Oregon; Philadelphia, Pennsylvania; Austin, Texas; Dallas, Texas; Northern Virginia; and Seattle, Washington.
SVB Contact: Andrea McGhee, (408) 654-3078, firstname.lastname@example.org.