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Penthouse publisher FriendFinder files for bankruptcy protection
LA Times ^ | 9-18-13 | Stuart Pfeifer

Posted on 09/29/2013 3:40:22 PM PDT by dynachrome

The company that owns Penthouse magazine and a host of online dating and adult websites filed for bankruptcy protection Tuesday.

FriendFinder Networks Inc.'s move comes as many in the adult entertainment industry struggle because of an increase in free online options.

The Boca Raton, Fla., company said bankruptcy was "the most efficient and cost effective way for the company … to continue to operate our business."

(Excerpt) Read more at latimes.com ...


TOPICS: Arts/Photography; Books/Literature; Business/Economy; Chit/Chat
KEYWORDS: bankrupt; guccione; penthouse
Too much free stuff on the internet is blamed. I shed no tears.
1 posted on 09/29/2013 3:40:22 PM PDT by dynachrome
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To: dynachrome
They made the mistake of betting against what most intelligent people already know:

Knowledge should be shared, and free.

2 posted on 09/29/2013 3:43:43 PM PDT by Utilizer (Bacon A'kbar! - In world today are only peaceful people, and the mooslimbs trying to kill them-)
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To: dynachrome
Another fall out from the Sequester. The politicians had to cut back.
3 posted on 09/29/2013 3:47:20 PM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: dynachrome

Open Source wins again!


4 posted on 09/29/2013 3:48:28 PM PDT by Tijeras_Slim
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To: dynachrome

So newspaper classifieds weren’t the only thing Craigslist wiped out....


5 posted on 09/29/2013 3:51:13 PM PDT by nascarnation (Democrats control the Presidency, Senate, and Media. It's an uphill climb....)
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To: dynachrome

>>Too much free stuff on the internet is blamed. I shed no tears. <<

We for-profit pornographers need to stick together, damnit...

I’ll be with you through thick and thin!


6 posted on 09/29/2013 3:52:23 PM PDT by freedumb2003 (In theory there is no difference between theory and practice. In practice there is. (Yogi Berra))
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To: dynachrome

Will obama intervene and give it to the unions?


7 posted on 09/29/2013 3:54:05 PM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: 2banana
Will obama intervene and give it to the unions?

Nope. They're not muzzies or Iranians, and didn't contribute enough.

8 posted on 09/29/2013 4:00:36 PM PDT by Utilizer (Bacon A'kbar! - In world today are only peaceful people, and the mooslimbs trying to kill them-)
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To: dynachrome

This is a case where two wrongs make a right.


9 posted on 09/29/2013 4:11:50 PM PDT by who_would_fardels_bear
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To: dynachrome
Dear Bankruptcy Judge,

I never believed it would happen to me, but there I was...

10 posted on 09/29/2013 4:18:14 PM PDT by Last Dakotan
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To: dynachrome
Penthouse was still being published?
11 posted on 09/29/2013 4:28:13 PM PDT by Drew68 (Cruz '16)
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To: nascarnation

Craigslist rid itself of open sex ads about a year or two ago. So Backpage and others took up the mantle. If people want something, someone is going to provide it.


12 posted on 09/29/2013 4:29:29 PM PDT by 2ndDivisionVet (You can't invade the mainland US There'd be a rifle behind every blade of grass.)
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To: 2ndDivisionVet

LOL I’ve bought and sold quite a few cars and parts on CL, but never ventured to the dark side.


13 posted on 09/29/2013 4:30:39 PM PDT by nascarnation (Democrats control the Presidency, Senate, and Media. It's an uphill climb....)
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To: freedumb2003

Hard to shed any tears for the pornography business. But part of what’s going on is that regular everyday girls are putting themselves on the internet. To me, that’s part of the moral meltdown we see nowadays. Girls with no moral foundation, because of the times we lives in, and their boyfriends, see nothing wrong with making internet pornography.


14 posted on 09/29/2013 4:32:24 PM PDT by Dilbert San Diego
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To: dynachrome
FriendFinder Networks Inc.'s move comes as many in the adult entertainment industry struggle because of an increase in free online options.

There is a certain irony. Penthouse and Playboy fought to change the culture from a nation of prudes to a nation of libertines. But in doing that, people lost their inhibitions, and now post videos of themselves online for free. Now Playboy and Penthouse can't charge for what others are giving away. In the end, they were dependent on the prudishness they opposed.

15 posted on 09/29/2013 4:33:55 PM PDT by Vince Ferrer
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To: Vince Ferrer
There is a great deal of truth in what you said.
They were able to thrive in the pre-internet era by playing on the uptight Puritan standards that were once the norm.
Once the Internet started showing you where the porn was for free what did you need those magazines for unless you read them only for the great articles they had in them!!!
16 posted on 09/29/2013 4:39:37 PM PDT by Captain Peter Blood
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To: Vince Ferrer

You hit the nail on the head.

These pornographers such as Hefner, were so successful at lowering inhibitions and morals, that now we see young girls wanting to be a porn star, and nobody in their lives disapproves.


17 posted on 09/29/2013 5:00:47 PM PDT by Dilbert San Diego
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To: dynachrome
The Boca Raton, Fla., company said bankruptcy was "the most efficient and cost effective way for the company … to continue to operate our business."

Let me tell you what "efficient and cost effective" mean. They mean screwing other honest businesses out of what they are rightfully owed. If you can't run a business without stealing from your vendors, you ought to be shut down.

There is NOTHING "efficient and cost effective" about cheating people. I had a wholesale business in FL in the 80s and I got cheated by these bastards using bankruptcy protection. I could write chapters on the BS scam it is. Effin' joke.

And I'm not making an editorial comment about the business these people are in, the real point is that corporate bankruptcy in this country is legalized theft.

18 posted on 09/29/2013 5:02:50 PM PDT by ChildOfThe60s (If you can remember the 60s.....you weren't really there)
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To: Dilbert San Diego

It is absolutely amazing how much porn there is on the Internet. You wonder, who are all those people? It seems like tens of thousands.


19 posted on 09/29/2013 5:09:02 PM PDT by Steve_Seattle
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To: Steve_Seattle

At one time, I remember reading that porn was the only profitable internet endeavor.

I think that’s changed now that there is so much embedded advertising.


20 posted on 09/29/2013 5:13:24 PM PDT by nascarnation (Democrats control the Presidency, Senate, and Media. It's an uphill climb....)
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To: dynachrome

“Too much free stuff on the internet”

It’s being taught in the Illinois public school system via the Comprehensive Sex Education curriculum.


21 posted on 09/29/2013 7:57:01 PM PDT by stars & stripes forever (Blessed is the nation whose God is the Lord.)
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