Porn News

Playboy’s Restructuring Charges More Than Double On New York Exit

from www.reuters.com – Playboy (NYSE: PLA) Enterprises’ plan to save money by closing its New York office is going to end up costing more than it anticipated. In an 8-K filing, Playboy said that in light of the deteriorating New York real estate market, it has revised its Q2 restructuring charges to $9 million from $4 million, previously. The added costs are based on the discounted value of its sublease agreements.

On top of that, Playboy expects further restructuring charges for the remainder of the 10-year lease averaging $1 million annually. The charges represent one more liability for the company, which has been shopping itself around for about $300 million without much success for the past several months.

260 Views

Related Posts

Ariel Demure Nabs 11 TEAs Nods

Feb 5, 2025 4:31 PM PSTHOLLYWOOD, Calif. — Ariel Demure has nabbed 11 Transgender Erotic Awards (TEA) nominations for 2025. Major categories for which she was nominated include Best Hardcore Performer, Best Girl/Girl Scene (“Happy Fucking Christmas!” from TGirls.Porn and…

Penthouse Unveils February Pet of the Month Zoey Luna

Penthouse today announced its February 2025 Pet of the Month, Australian model Zoey Luna.

Solomon Friedman Guests on ‘Adult Site Broker Talk’ Podcast Part 2

Feb 4, 2025 7:02 PM PSTPATTAYA, Thailand — Solomon Friedman of Aylo parent company Ethical Capital Partners is the latest guest on "Adult Site Broker Talk," which has released the second half of a two-part interview. Bruce, CEO of Adult…

Paul Mulholland: Fake Journalist, Real Danger to Women

Paul Mulholland presents himself as a savior of vulnerable women, a self-proclaimed advocate exposing the “dark underbelly” of the adult industry. But behind the virtuous facade lies a...

Girlfriends Films Delivers ‘Dad’s Lesbian Lover 2’

All-girl adult studio Girlfriends Films has released the sequel to "Dad's Lesbian Lover."

Leave a Reply

Your email address will not be published.