Image Credit: New York Post
The owners of more than 43 porn sites, including Bang Bros, won the auction to take over Penthouse. The porn company outbid Pornhub, Hustler, and Dream Media for a cool $11.2 million. They now own the assets of Penthouse Global Media, which includes all the X-rated back content of the magazine, whose most recent cover features porn star Stormy Daniels.
Penthouse declared Chapter 11 bankruptcy recently, only two years after a group bought the title and resurrected the print edition. The 53-year-old magazine was founded originally to be a more explicit hardcore version of Hugh Hefner’s Playboy, and at its peak, Penthouse sold more than 5 million copies a month to Playboy’s peak of 7 million. “With the company debt-free, we are ready to grow,” said the former Chief Executive who plans to stay on under the new owners. “The new owners are committed to maintaining the four business units — publishing, broadcast, licensing and digital,” she added.
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Check out more about Penthouse sold at auction: https://nypost.com/2018/06/07/
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