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	<title>Playboy &#8211; American Business Blog</title>
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		<title>Playboy has another tough quarter</title>
		<link>https://www.americanbusinessblog.com/2010/11/09/playboy-has-another-tough-quarter/</link>
		
		<dc:creator><![CDATA[Staff]]></dc:creator>
		<pubDate>Wed, 10 Nov 2010 01:57:32 +0000</pubDate>
				<category><![CDATA[Advertising]]></category>
		<category><![CDATA[General Business]]></category>
		<category><![CDATA[brand management]]></category>
		<category><![CDATA[FriendFinder]]></category>
		<category><![CDATA[FriendFinder Networks]]></category>
		<category><![CDATA[Hugh Hefner]]></category>
		<category><![CDATA[licensing]]></category>
		<category><![CDATA[Playboy]]></category>
		<guid isPermaLink="false">https://www.americanbusinessblog.com/?p=62</guid>

					<description><![CDATA[Playboy has reported another quarterly loss, making things tough for Hugh Hefner in his bid to keep control of the company. He&#8217;s currently in a battle as the company is being pursued by well-funded buyers. The latest figures come as the company&#8217;s future ownership remains in doubt. FriendFinder Networks, owner of Playboy rival Penthouse magazine [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><a href="http://blog.allpromodels.com/tag/playboy/" target="_blank">Playboy</a> has reported <a href="http://www.usatoday.com/money/companies/earnings/2010-11-09-playboy-loss_N.htm" target="_blank">another quarterly loss</a>, making things tough for <a href="http://www.bullz-eye.com/entertainment/interviews/2010/hugh_hefner.htm" target="_blank">Hugh Hefner</a> in his bid to keep control of the company. He&#8217;s currently in a battle as the company is being pursued by well-funded buyers.</p>
<blockquote><p>The latest figures come as the company&#8217;s future ownership remains in doubt. <a href="http://www.bullz-eye.com/aff/default.htm" target="_blank">FriendFinder</a> Networks, owner of Playboy rival Penthouse magazine and adult websites, wants to buy the company for $210 million. It raised $551 million in debt at the end of last month, a move that could give it the cash to follow through on the bid.</p>
<p>But Hefner, who owns 70% of the company&#8217;s voting stock, says he has no interest in selling. And he has proposed to the company&#8217;s board that he buy out the remaining stake in a deal that would value Playboy at about $185 million. A special committee of the company&#8217;s directors is considering the offer.</p>
<p>In the meantime, Playboy&#8217;s management is trying to transform the company from a publishing and TV business into a &#8220;brand management&#8221; company, leaning more on revenue from licensing out the Playboy name and bunny ears for a range of products.</p></blockquote>
<p>FriendFinder seems serious here with all that cash. It will be interesting to see what other properties they pursue in this space.</p>
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