Organisation: Penthouse International

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Organisation: Penthouse International

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Penthouse publisher files for bankruptcy as revenue falls

GENERAL MEDIA INC, the publisher of Penthouse, filed for bankruptcy after competition from the internet, retail video outlets and cable television left the adult magazine company unable to pay its creditors.

Thu, 14 Aug, 2003

Penthouse facing bankruptcy

The publisher of Penthouse, the glossy mens magazine that once rivalled Playboy, has filed for bankruptcy protection in New York with debts of €35m.

Wed, 13 Aug, 2003