Internet porn has devastated old-fashioned smut rags. We now hear a top executive at FriendFinder Networks, the publisher of Penthouse, wants to close the money-losing magazine down. But his boss denies it.
While Richard Bottoms's sexual discrimination case against Penthouse Media Group continues, the Palo Alto man angry with his dismissal from the company tells us he's now planing a new round of suits against the company, seeking $1 in damages. In an email to Penthouse management announcing his plans to sue, Bottoms…
Financier and CEO Marc Bell plans to take Penthouse Media Group public in a $250 million IPO. If investors take the bait, it'll likely be on the strength of Adult FriendFinder and the rest of the Web properties Penthouse bought from Andrew Conru last December for $500 million. After the acquisition, Penthouse…
Congratulations, Andrew Conru: Danni Ashe is now your coworker. As the porn-magazine business quietly biodegrades in the ashbin of history, the founder of Adult FriendFinder has sold his company, Various Inc., to Penthouse for $500 million. This despite his earlier denials. The price actually seems low, considering…
