Is Playboy for Sale?

Adults Only

Updated Apr. 25, 2017 4:12PM EDT / Published Feb. 18, 2009 9:08AM EST

Sign a recession is really bad? When porn outlets are looking for a way out. Playboy, the 55-year-old men's magazine, is open to acquisition talks, its new CEO announced during a conference call today. The company ended last year with a loss of $156 million and is bracing for further declines from the print advertising recession. "Our financial performance is not reflective of [Playboy's] potential," CEO Jerome Kern said. In October, the company ended its DVD business and cut 80 jobs.

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Is Playboy for Sale?