HX Magazine is a New York-based publication geared toward the gay and lesbian community, with its principal place of business and executive offices in New York City; defendant Next Magazine, also a New York-based publication with the same focus, is alleged to be HX's principal competitor. Both publications derive 100% of their revenue from advertising. Plaintiffs' claims, which are not in issue in this appeal, arose from an alleged breach of a restrictive covenant in an employment...
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