Wednesday, February 18, 2009

Is Playboy Going Under?

As a Playboy U representative and fan of the magazine (for the articles) this story truly saddens me.  According to MSNBC, after a $152 million fourth quarter loss Playboy is considering selling or seriously changing the fabled company.

"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."

This is just another company that has been hit by the slowing economy where consumers have cut back on everything, including Playboy magazines.

No comments: