Playboy Concedes It's Open to Flagship Sale
More change could be in the air for Playboy Enterprises Inc., which conceded that it was more open to to an outright sale of the company or strategic change in direction for its flagship magazine in the face of challenging financial conditions.
The company made the remarks during a conference call Feb. 18 to discuss its financial results for the fourth quarter and 2008. Earlier this month, Christie Hefner retired as Playboy’s longtime chairman/CEO, fueling speculation that the company would explore a sale, merger or go private.
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