Penthouse is going public. Penthouse Media Group Chief Executive Marc Bell talked to Forbes:
Bell hopes Penthouse Media Group will raise $250 million in stock in an initial offering, perhaps in the summer.
The media group is not just the magazine that notoriously almost went under. How can one go broke on porn? Talent. Luck?…Coke.
Anyway, the media group now owns a bunch of networking sites they purchased last year. The biggest is X-rated AdultFriendFinder boasting 22 million ‘active’ members. But the company, perhaps learning from previous pratfalls has diversified:
Penthouse Media Group’s recently acquired sites, which also include Passion.com and BigChurch.com, a site for Christians who want prayer mates, have a total of 45 million active members.
God bless America!