![]() 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. Just as the Material Girl was taking off in her film debut Desperately Seeking Susan, Playboy published nude pics from 1978 when she was a struggling artist in NYC. NEW YORK - Vanessa Williams, who relinquished her Miss America crown when Penthouse magazine published sexually explicit photos of her, also had posed nude for another photographer, a Penthouse. own galleries models Categories babes teens lesbians hardcore Videos Sex Games Masturbate Together Teen Porn. A spokesman for FriendFinder also declined to comment. penthouse vintage amazing nude galleries with hot penthouse vintage pictures and movies, all free to download. 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. 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. Penthouse magazine may have a new sugar daddy waiting in the wings. ![]() ![]() 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' Christian magazine ridiculed after insisting Jesus 'was Asian': 'Did you guys read the Bible?' ![]()
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