Penthouse Bankrupt...August Last Issue? - GoFuckYourself.com

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.

Bobby Vicious · 08-12-2003, 04:35 PM

Haven't bought Penthouse in years, but if it is the last issue in August as you say I'll have to get it. The last issue is what I can show my grandkids in the future and tell them how we put this magazine out of business.

GTS Mark · 08-12-2003, 04:42 PM

Quote:

Originally posted by Bobby Vicious
Haven't bought Penthouse in years, but if it is the last issue in August as you say I'll have to get it. The last issue is what I can show my grandkids in the future and tell them how we put this magazine out of business.

For your grandkids?! Pffff!!

You're a big perv Bobby, at least admit it! LOL!

DH

andrew1009 · 08-12-2003, 04:46 PM

*wipes tear* Penthouse was the first adult magazine I ever saw, back in the 5th grade... I still have a few pages of it left in my dresser somewhere, lol.

FATPad · 08-12-2003, 04:49 PM

We could always read the thread started by a guy that works for Penthouse I guess.

http://www.gofuckyourself.com/showth...hreadid=163108

Interlude · 08-12-2003, 04:50 PM

Guess that whole watersports angle they were going after didn't pan out.

hollywood · 08-12-2003, 04:52 PM

maybe if they would get with the program and shoot some reality stuff....

PHmike · 08-12-2003, 04:53 PM

I run the internet side of Penthouse. I started a thread a couple of hours ago which addresses this issue.

Penthouse is not going away. Bankruptcy is not the same as going out of business. We are not standing on the corner of 32nd and 7th selling Earl miller slides.

There will be new issues of Penthouse each month, we are still making videos, and generating good money on the internet.

take a look
http://www.gofuckyourself.com/showth...hreadid=163108

thanks mike

PHmike · 08-12-2003, 04:59 PM

Quote:

Originally posted by andrew1009
*wipes tear* Penthouse was the first adult magazine I ever saw, back in the 5th grade... I still have a few pages of it left in my dresser somewhere, lol.

It was my first mag too. I think the issue was with the girl from 'different strokes'

Save your tears andrew!

I am positive that shoplifting 5th graders will discover what a pussy looks like via Penthouse Magazine for years to come!

jchennav · 08-12-2003, 06:27 PM

So, when's the August issue supposed to hit the newsstands?

I've fond memories of Penthouse. Back before they've decided to publish peeing and penetration shots, they've routinely published the hottest girl-girl sets. However, they've also proven the old-wives' tale of going blind from masturbation to be true due to the excessive soft-focus used in their pictures.

amacontent · 08-12-2003, 06:31 PM

I guess all those Penthouse whores will be in my office soon sucking cock.

KRL · 08-12-2003, 06:45 PM

About time.

Zorgman · 08-12-2003, 07:07 PM

Does that mean they still have the "penthouse" trademark? or can we start using out penthouse domain names?

jchennav · 08-12-2003, 08:45 PM

They still have their assets...

I'm sure there's people who recognize that the Penthouse name has value, and will attempt to buy the trademark rights and the company's photo archive (I'm assuming here that Penthouse owns a good portion of their photography).

SykkBoy · 08-12-2003, 08:51 PM

My favorite shoot of all time was Janine and Julia Ann with the ice dildo for the 25th Anniversary issue...

PHmike · 08-12-2003, 10:29 PM

Quote:

Originally posted by jchennav
So, when's the August issue supposed to hit the newsstands?

Tuesday. I don't have the exact date in front of me, but i believe that is the correct date.

Rich · 08-12-2003, 10:46 PM

Don't expect Penthouse to disapear, I have a feeling another company will buy the brand name and keep publishing it.

ronin · 08-13-2003, 12:31 AM

who is Penthouse?

andrew1009 · 08-13-2003, 05:40 AM

Quote:

Originally posted by PHmike

It was my first mag too. I think the issue was with the girl from 'different strokes'

Save your tears andrew!

I am positive that shoplifting 5th graders will discover what a pussy looks like via Penthouse Magazine for years to come!

awesome

scoreman · 08-13-2003, 07:25 AM

Distribution of the magazine will be one of their biggest challenges as they didnt publish some issues and their wholesalers were likely very unhappy with that. Once your lose your spot on the newsstand, getting it back is not easy. Many of the distributors will likely opt to put a title that they feel will sell and be reliably produced rather than titles who they are not sure are even going to press this month.

One thing is for certain, the Penthouse mark is extremely valuable and would survive any financial upheaval intact and marketable.

08-12-2003, 04:32 PM	#1
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>

08-12-2003, 04:49 PM	#5
FATPad Confirmed User Join Date: Oct 2001 Posts: 6,693	We could always read the thread started by a guy that works for Penthouse I guess. http://www.gofuckyourself.com/showth...hreadid=163108 __________________ <a href="http://www.adultcontent.co.uk">Adult Content UK - Great British Content</a>

08-12-2003, 06:31 PM	#11
amacontent STANLEY CUP CHAMPION ! Industry Role: Join Date: Feb 2003 Location: Los Angeles Posts: 12,875	I guess all those Penthouse whores will be in my office soon sucking cock. __________________ Joe Loughlin [email protected] TEAM- joeloughlin. Telegram - AMA_JOE https://www.amaproduction.com

08-12-2003, 06:45 PM	#12
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	About time. __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

08-12-2003, 07:07 PM	#13
Zorgman Confirmed User Join Date: Aug 2002 Location: Sydney, Australia Posts: 6,103	Does that mean they still have the "penthouse" trademark? or can we start using out penthouse domain names? __________________ ---

08-12-2003, 04:35 PM	#2
Bobby Vicious Confirmed User Join Date: Aug 2002 Location: Bahamas Posts: 452	Haven't bought Penthouse in years, but if it is the last issue in August as you say I'll have to get it. The last issue is what I can show my grandkids in the future and tell them how we put this magazine out of business.

08-12-2003, 04:46 PM	#4
andrew1009 Confirmed User Join Date: Jul 2002 Posts: 801	wipes tear Penthouse was the first adult magazine I ever saw, back in the 5th grade... I still have a few pages of it left in my dresser somewhere, lol.

08-12-2003, 04:50 PM	#6
Interlude Confirmed User Join Date: Feb 2001 Location: State of Denial Posts: 1,147	Guess that whole watersports angle they were going after didn't pan out.

08-12-2003, 04:52 PM	#7
hollywood Confirmed User Join Date: Jul 2001 Posts: 483	maybe if they would get with the program and shoot some reality stuff....

08-12-2003, 04:53 PM	#8
PHmike Registered User Join Date: Nov 2002 Location: NYC Posts: 71	I run the internet side of Penthouse. I started a thread a couple of hours ago which addresses this issue. Penthouse is not going away. Bankruptcy is not the same as going out of business. We are not standing on the corner of 32nd and 7th selling Earl miller slides. There will be new issues of Penthouse each month, we are still making videos, and generating good money on the internet. take a look http://www.gofuckyourself.com/showth...hreadid=163108 thanks mike

08-12-2003, 06:27 PM	#10
jchennav Registered User Join Date: May 2003 Location: Orange County, CA Posts: 72	So, when's the August issue supposed to hit the newsstands? I've fond memories of Penthouse. Back before they've decided to publish peeing and penetration shots, they've routinely published the hottest girl-girl sets. However, they've also proven the old-wives' tale of going blind from masturbation to be true due to the excessive soft-focus used in their pictures.

08-12-2003, 08:45 PM	#14
jchennav Registered User Join Date: May 2003 Location: Orange County, CA Posts: 72	They still have their assets... I'm sure there's people who recognize that the Penthouse name has value, and will attempt to buy the trademark rights and the company's photo archive (I'm assuming here that Penthouse owns a good portion of their photography).

08-12-2003, 08:51 PM	#15
SykkBoy Jesus loves bacon Industry Role: Join Date: Feb 2001 Location: Sin City, Motherfucker Posts: 19,969	My favorite shoot of all time was Janine and Julia Ann with the ice dildo for the 25th Anniversary issue... __________________ Support my new movie “The Second Coming”

08-12-2003, 10:46 PM	#17
Rich So Fucking Banned Join Date: Jan 2003 Posts: 11,486	Don't expect Penthouse to disapear, I have a feeling another company will buy the brand name and keep publishing it.

08-13-2003, 12:31 AM	#18
ronin Confirmed User Join Date: Aug 2002 Location: Main St. Posts: 1,300	who is Penthouse?

08-13-2003, 07:25 AM	#20
scoreman Confirmed User Join Date: Nov 2001 Location: Miami, Florida Posts: 1,491	Distribution of the magazine will be one of their biggest challenges as they didnt publish some issues and their wholesalers were likely very unhappy with that. Once your lose your spot on the newsstand, getting it back is not easy. Many of the distributors will likely opt to put a title that they feel will sell and be reliably produced rather than titles who they are not sure are even going to press this month. One thing is for certain, the Penthouse mark is extremely valuable and would survive any financial upheaval intact and marketable. __________________