PENTHOUSE going down
 

.. Bob Guccione said it is beacuse of internet porn, the magazine is out of money.

who said "too much free porn" ?

HAHA Guccione sounds like a TGP2'er now.

Adapt or die!!!!

Yep!

To bad... they did not develop an internet presence sooner. Its a great Mag.

ouch

sorry to see them go

:(

With all the money they made, and their position in the XXX business world, they could have been huge on the net....but they failed to adapt....

Addapt or Die!

Sometimes being big is not a good thing in business. You get too caught up in your grandiose image of yourself as the king of the hill and start to get lax. When you're large you can't dance and react as fast as the small entrepreneurs can to market changes and new opportunities.

Industry leaders are displaced all the time. The big trees fall down and new trees spring up. Its nature's way of keeping things in check.

:)

We've been running their online store for a couple years and things are still going strong.. Don't count them out yet. Many companies emerge from Ch 11 protection in a far better financial situation.

:thumbsup :thumbsup

First off, you shouldn't quote people who are crazy. Guccione has lost all touch with reality, and his daughter is running the business. Just because Pentouse is filing bankruptcy doesn't mean they are going out of business, they are in the midst of restructuring. Has anyone heard of the Pentohouse Strip Clubs?

Who's next!

:(

do tell...

"General Media also said it has hired T. Scott Avila as its chief restructuring officer. Avila is a partner in corporate turnaround firm Corporate Revitalization Partners LLC."

You can turnaround any company you want if you know what to do.

I never read this anyway Playboy & Hustler are there to stay at the top

The default rate for companies in bankruptcy is something like 7-8%

Quote:

You can turnaround any company you want if you know what to do.

Scott has done this more than twenty times and is one sharp tack.

We are only on day 6, and my business is already up.

-mike

Thanks adam!

I heard you got hooked up with j$tyle$ for video rentals, sounds like a great move.

Yep good way to see things ... But sometimes big compagnies can move fast too ... :P

BUMP - Anyone have an update on the current status of Penthouse? Can't find any info in the mainstream media & was considering a subscription to Penthouse. They're still offering subscriptions - so??? :helpme

ok Guys.. penthouse is saved.. forwarding your post.

Badmunkin,

The press doesn't report when everything is back to normal.
Going into bankruptcy is not like going out of business.
We still are publishing and making videos and running our site.

The anniversary issue is hitting the newstand in ten days and it is already up in the members area. The new Pet is Chantelle Fontain
by Stephen J. Hicks and it has a brianna banks set as well.

We are still taking subs too.
Subscribe HERE

mike, director on-line operations

come on penthouse, you can make it! it was me and you together growing up, and without you, im not sure i would be where i am in life! you are like a partner, a friend, and a lover rapped all into one