bob guccione

Penthouse Publisher Files for Bankruptcy

FriendFinder Networks, publisher of Penthouse and owner of numerous adult websites, files for chapter 11 bankruptcy, after losing money for at least five years.

Playboy Going Private: What Took Hugh Hefner So Long?

Taking Playboy Enterprises private could put the company and its valuable brand back on a path to growth while allowing Hefner to select his successor. Says one analyst: "There's really no upside to being public for them."