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MrPopup · 08-12-2003, 04:32 PM

http://biz.yahoo.com/rb/030812/media_penthouse_3.html

Penthouse Publisher Files for Bankruptcy
Tuesday August 12, 4:58 pm ET

LOS ANGELES (Reuters) - General Media Inc., a subsidiary of Penthouse International Inc. (OTC BB:PHSL.OB - News) and the publisher of the racy adult magazine Penthouse, on Tuesday said it has filed for Chapter 11 bankruptcy protection so it can restructure its operations and debt.

General Media said it made the filing in U.S. Bankruptcy Court in New York. It has closed on a $5 million debtor-in-possession line of credit from some of its secured bondholders.

08-12-2003, 04:32 PM
MrPopup Confirmed User Join Date: Aug 2002 Location: on the internet Posts: 3,783	Penthouse Bankrupt...August Last Issue? http://biz.yahoo.com/rb/030812/media_penthouse_3.html Penthouse Publisher Files for Bankruptcy Tuesday August 12, 4:58 pm ET LOS ANGELES (Reuters) - General Media Inc., a subsidiary of Penthouse International Inc. (OTC BB:PHSL.OB - News) and the publisher of the racy adult magazine Penthouse, on Tuesday said it has filed for Chapter 11 bankruptcy protection so it can restructure its operations and debt. General Media said it made the filing in U.S. Bankruptcy Court in New York. It has closed on a $5 million debtor-in-possession line of credit from some of its secured bondholders. __________________ <table cellspacing="0" cellpadding="3" border="1" bgcolor="#008000"><tr><td><font size=3>Gone</font></td></tr></table>