Is Playboy’s Reign Over?

6
points

Playboy appears to have come upon hard times during this economic crisis and is taking steps to downsize its operation. In addition to cutting jobs, they are also planning to merge the online and print division, and move its staff to its Chicago home base. One of the biggest moves was the huge business write-down Playboy is taking, reducing its Wall Street value by more then $100 million. This news follows in the wake of CEO Christi Hefner’s departure. At that time there were rumors that Playboy was having financial difficulties and hints that that was the reason for the former CEO's exit.

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Fuzzy Pants's picture

I think Playboy is so tired.

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