Why was Blade publisher Window Media shut down last week? Maybe because it was carrying $15.35 million in debt it never had a chance of paying off.
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You remember David Unger, right? He's the Window Media chief who was forced out of his top job at gay media investor Avalon Equity and remains under the eye of federal investigators, who'd like to know where a sizable chunk of change went.
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New York Blade, a biweekly newspaper that has covered gay-interest news in New York City since 1997, suspended publication this week, and its staff was let go, New York Times reports.
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We'd call it "surprising news," but it isn't: The New York Blade has shut down.
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Last month we heard Window Media proprietor David Unger was relieved from his role with Avalon Equity by the federal Small Business Association; Unger denied the charge.
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Window Media publisher and Avalon Equity Fund founder David Unger has been axed by the federal Small Business Administration, multiple sources tell Queerty.
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