Playboy Enterprises Inc, publisher of one of the world’s best known adult magazines, posted a wider fourth-quarter loss, hurt by $157.2 million in restructuring and other one-time costs, as well as weaker-than-expected revenue.
The company, which posted a net loss in each quarter of 2008, also said it would be open to discussions about an outright sale of the company, or changes in the strategic direction of the flagship Playboy Magazine.
Net loss for Playboy, which in recent months has seen a management shake-up including the resignation in December of longtime Chief Executive Christie Hefner, was $145.7 million, or $4.37 per share. This compares with a loss of $1.1 million, or 3 cents a share, in the year-ago period.
Revenue declined to $69.8 million from $85.9 million, due in part to the sale of its television studio assets.
Honestly who in the hell reads Playboy these days anyway? Playboy paid Audrey O’ Day $500,000 to pose. Why do you want to pay to see Softcore pix when you can watch hardcore videos for free? I can either look at an airbrushed picture (NSFW) or watch the same whore get banged in a threesome (NSFW) online for free, tough choice. The only thing i’m worried about is Hugh Hefner, how is he going to pay his girls that $1,000 a week to keep them around? Damn recession and the internets!
[...] coming back to get them for paying Audrey that much money and that’s the reason Playboy is going out of business. Ok i am, Hugh deserves public housing for being such a huge [...]
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