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.

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! :winkwink:

DH

*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.

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

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

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

maybe if they would get with the program and shoot some reality stuff.... :1orglaugh

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. :Graucho

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

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!

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.

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

About time.

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

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).

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

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

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

who is Penthouse? :helpme

awesome :thumbsup

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.