Longtime CEO Christie Hefner leaves, Playboy magazine tanks. Interim CEO says sale is an open question, but what is there to sell? Playboy’s brand declines annually: 27% less ad revenue, iconic founder is decrepit walking STD, rise of market-sensitive free internet porn leaves you with a mediocre reality show, a dirty pool, and Fred Durst.
End of the Bunnies: Playboy Announces $145.7M Loss, Begs for Sale
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