Copyright © 2026 Knight Sac Media. All rights reserved.https://www.siliconinvestor.com/subject.aspx?subjectid=55387QTN - Ticker Symbol QBID - Trading on Pink Sheets qtelevision.com -------------------------------------------------------- Board pushed at gay TV channel Larry Buhl, GAY.COM/PlanetOut Network Thursday 9 March, 2006 11:26 | More from this date | Today's headlines After gay TV stations folded in the UK and other European countries, the problems for American channel Q Television Network continue to grow. Less than a month after laying off most of its staff, the financially troubled QTN, one of three television networks in the United States with primarily lesbian and gay content, has ousted its top management in hope of pulling itself back into the black. The company reported on Tuesday that investor Lloyd Fan, who was recently brought in as president, would replace company founder Frank Olsen as chairman and CEO of QTN and parent Triangle Multi-Media. In addition, Fan has replaced the board and top management, including Olsen and other top executives. "Effective today, all Triangle Multi-Media Limited and QTN officers and board of directors have resigned their positions and have relinquished all responsibilities and affiliations," said a prepared statement from Q. "Details of the new management infrastructure, with an emphasis on both television and finance industry, will be forthcoming." QTN is available to 3 million cable subscribers in several cities, but is still not available in many major markets. The company came under fire last month for laying off the majority of its staff while owing them a month's pay, leading to speculation that the company would go under. At that time, a spokesman for the network told GAY.com that Q would stay afloat and that the new management structure would ultimately succeed. "I am committed to building an exceptionally strong, experienced management team, fortifying QTN's business partnerships and strengthening the network's commitment to providing high-quality, engaging television programming focused on the GLBT community," Fan said in a prepared statement. Lloyd Fan runs Best Prop Holding Group and has a long career in corporate finance, manufacturing, international trade and patenting throughout Asia, according to a company press release. However, he has no experience in television or entertainment. QTN executives refused to comment for this story. However, laid-off employees -- who have still not been paid for the month of January -- have a lot to say. Vanessa Mayer, a graphics generator who was laid off February 1st, lays the blame for the company's hard times on Olsen's management skills. "The only reason the changes are happening is that Q needed money and nobody would give them money with Frank (Olsen) as the head of the company," she told GAY.com. "It's funny that they say Q's new emphasis will be on television and finance," Mayer said. "They're a television network. What was their emphasis before?" Jane Bloom, a production coordinator, told GAY.com that even though they are waiting to be ...https://www.siliconinvestor.com/images/Logo380x132.pnghttps://www.siliconinvestor.com/subject.aspx?subjectid=5538738013210