Monday, March 1, 2010

Playboy Sheds Jobs, Clothes

Playboy Enterprises, Inc. New Playboy, Inc.Image via Wikipedia
The Chicago Tribune reports that Playboy Enterprises, Inc.'s restructuring and outsourcing of operations, such as production of Playboy magazine, could reduce the media conglomerate's 573 employees by half.

Prospective Playboy suitors have not panned out, and its stock is trading at $3.27 a share. The company is expanding its entertainment venues to include a casino in Mexico and a nightclub in Miami, according to the Tribune, amid concerns it may be spreading itself too thin.  It's ironic to ponder that Hugh Hefner's brainchild could go "bust," as it were.

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