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News Breaks
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November 24, 2009
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| 07:51 EDT |  | PLA |
| theflyonthewall.com: | Playboy Magazine to lose approximately $8M in 2009 | | Playboy magazine is expected to lose approximately $8 million in 2009, and, with the agreement with American Media, to reduce that loss to approximately $5 million in 2010 before reaching profitability in late 2011. The company also said that the agreement will result in a fourth-quarter restructuring charge of approximately $2.0 million due to the elimination of approximately 25 positions, some of which will be transferred to new job openings at AMI. :theflyonthewall.com |
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