Sex fails to sell for 'bankrupt' Penthouse

ANI18 September 2013

Melbourne, Sept. 18 (ANI): FriendFinder Networks, publisher of the Penthouse Magazine and various adult entertainment sites, has filed for Chapter 11 bankruptcy protection.

The publication's owner said that bankruptcy protection is the most efficient way for it to improve its balance sheet, reported.

The California-based firm, which runs a string of online dating websites, had to deal with lower income and reported a loss of 49.4 million dollars in its last fiscal year.

The company said that it is looking to refinance some of its debt through an agreement with certain noteholders that would eventually return control of the company to the FriendFinder Networks founders. (ANI)

M&M'S® Commercial

Watch M&M'S® 75th Anniversary Video On Our Official Channel. Visit Now!

2016 Dodge Trucks

See what's new for Dodge for 2016! Search for dodge truck deals.

Summer Topknot How-To

As told by Jade Kendle of Lipstickncurls.

Black Out

Luxurious Estates Ideally Located in Chantilly

Enjoy proximity to dining, wineries and retail in your elegantly spacious new NV home at Dawson’s Corner, priced from the upper $640s.

"Shark Tank" Star's Brilliant Mortgage Payoff Tip

If you're over 40 years old and you own a home, you need to read this. (It's not what you think!)

How much can you actually save by refinancing?

Rates now at 3.20% APR 5/1 ARM- $250K for $923/mo. LendingTree's simple online tool to help determine how much you could be saving by refinancing.