![]() Indeed, Penthouse filed for bankruptcy in 2002 mainly because of debts racked up by the late Guccione, as he pursued non-smut-related business ventures including small fusion reactors and a failed casino project in Atlantic City.īell, who tried unsuccessfully in 2010 to buy Playboy for $210 million, is surrendering control of FriendFinder in a prepackaged bankruptcy deal that will eliminate $300 million in debt. The Penthouse brand as a whole, acquired out of a previous stint in bankruptcy court a decade ago by tech entrepreneur Marc Bell, is “very profitable,” fueled in particular by TV broadcasts of dirty videos in Europe, according to a source close to FriendFinder. That’s despite the fact that Penthouse has been losing money for years as its male readers have been lured away in droves by free Internet porn sites. Sources said Frommer, a former Wall Street trader whose investments include New York night clubs and film projects, “doesn’t want to see them close the magazine,” said a source close to the situation. A three-bedroom, three-and-a-half bathrooms penthouse in Miami Beach’s Louver House, listed by Anna Sherril with ONE Sotheby’s for just under 4 million. A spokesman for FriendFinder also declined to comment. Reached Tuesday, Frommer declined to comment. Arnold Schwarzenegger engaged in a sex act. Last year, Frommer acquired a trove of memorabilia owned by the late Guccione that included nude photos of Madonna and a picture of former California Gov. “Like all magazines, it’s struggling,” said one source briefed on the situation.īut the glossy girlie mag founded by Bob Guccione, whose monthly circulation has sagged to less than 200,000 from 5 million at its peak, is being circled by New Jersey-born entrepreneur Jeremy Frommer, according to insiders. Not worth the effort in trying to sell them. I’m pretty sure (from visiting flea markets) that they are worth maybe 5-25 cents apiece. ![]() The fate of the 48-year-old smut rag is in question after parent FriendFinder Networks filed for Chapter 11 yesterday, sources told The Post.Īs the reorganized FriendFinder scrambles for profits with a portfolio of social-networking sites, it’s doubtful whether creditors who are taking control of the company are committed to keeping the iconic porn publication alive, insiders said. Hi Terry, An awkward but serious question Like a lot of men, I have a collection of Playboy and Penthouse magazines. Any decent recommendation on where I could unload them all at once I'm talking hundreds of pounds of porn. Penthouse magazine may have a new sugar daddy waiting in the wings. A relative passed away and left a massive collection of playboy and penthouse magazines from 1968-2010 and even multiples of some years. ![]() Sports Illustrated publisher fires its CEO after outlet caught using AI to produce stories with fake authorsĬonde Nast dumps 'notoriously unfunny' New Yorker satire columnist Andy Borowitz 'News deserts' grow as US outlets slash 2,700 jobs: 'We have suffered a huge loss here' However, this price was significantly influenced by the provenance of the collection. It remains a symbol of a particular era in publishing history, where adult magazines were not just about titillation but also about challenging societal norms and exploring the intersection of sexuality and culture.Christian magazine ridiculed after insisting Jesus 'was Asian': 'Did you guys read the Bible?' Check out our penthouse magazine for men selection for the very best in unique or custom, handmade pieces from our magazines shops. In 2018 Hugh Hefner’s collection of leather-bound Playboy magazines sold for 60,000. ![]() While its explicit content may not be for everyone, Penthouse's impact on the adult industry and its enduring status as a cultural touchstone cannot be denied. The magazine's approach to adult content, marked by a mix of sophistication and explicitness, has influenced the adult industry and popular culture. Over the years, Penthouse has featured some of the most iconic adult models and celebrities, contributing to its status as a cultural phenomenon. Its forums and letters sections allowed readers to engage in discussions on various topics, creating a sense of community among its readership. Known for its distinctive blend of sensuality and intellectualism, Penthouse went beyond mere nudity, often incorporating controversial and thought-provoking themes. The magazine featured explicit photo spreads, articles, and interviews that pushed the boundaries of traditional adult content. Positioned as a more sophisticated and explicit counterpart to Playboy, Penthouse carved its niche with a more provocative and risqué approach. Penthouse magazine, founded in 1965 by Bob Guccione, quickly rose to prominence as one of the most iconic adult entertainment publications.
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