Say It Ain't So

[allthumbs]

The End of the Line for Penthouse?

 

The once high-flying skin magazine may soon cease publication. Even the mansion is at risk.

 

July 18 2003 — Penthouse Magazine, long a staple of adolescent fantasies and a favorite topic of discussion for Howard Stern, could soon be disappearing from the publishing world. What’s more, by next week Penthouse founder Bob Guccione could lose his fabled Penthouse Mansion, a century-old residence that is one of the largest private homes in Manhattan.

 

On Tuesday, July 15th the magazine’s employees were called to a meeting and told Penthouse had missed its printing schedule—no new issues of the monthly magazine appeared from late April until early July—because the company had been unable to pay printing costs, according to several people who were present at the session and asked to remain anonymous. The break in publication resulted in significant lost revenue and could make it hard for Penthouse to sell future ads.

 

[lummox]

i heard the employees only got 25% of their last paycheck. the fat lady is about to let loose.