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NEW YORK, Aug. 13 /PRNewswire/ -- PET Capital Partners LLC, an affiliate of Marc Bell Capital Partners LLC and the holder, with its related entities, of approximately 89% of the Senior Notes of General Media, Inc., the publisher of Penthouse magazine (the "Company"), announced today the confirmation of a Plan of Reorganization (the "Plan") by the United States Bankruptcy Court for the Southern District of New York.
Read the whole article - the terms are not pretty.
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