For those who haven’t heard of FOLIO, the print edition covers can be seen here. It’s featured on Google News.
During a conference call today announcing Playboy’s fourth quarter and year-end 2008 financial results, interim chairman and CEO Jerome Kern was asked by an analyst if … it will consider a sale and/or changes in the strategic direction of Playboy magazine.
“Yes, we’re open to discussions,” Kern said…
Late last month, Playboy said it was closing its New York offices and would combine its print and online editorial operations. …
In October, the company said it closed its DVD business and eliminated 80 positions—including 25 open positions.
I didn’t even know Playboy’s DVD business had been closed. Whatever one’s opinion, at least Playboy isn’t asking for a bailout.
From a more business perspective
Playboy shares rose 8 cents, or 5.3 percent, to $1.58 in midday trading. The stock has ranged from $1.03 to $9.13 over the past year.
Shares often rise when news hits of a potential sale.