Celebrity News – Gossips , Latest News, Pictures

Hugh Hefner may sell Playboy empire

Posted on: May 26, 2009

Hugh HefnerHugh Hefner is planning to sell Playboy for some 200 million pounds, it has emerged.

The 83-year-old founded the empire more than 56 years ago and gained instant popularity.

However, the rise of the internet, and with it free pornography, has taken its toll on the magazines” sales.

According to reports, Sir Richard Branson”s firm Virgin is being tipped as a potential buyer, The Telegraph reported.

Playboy sales have dropped from seven million an issue in 1972 to around three million now.

Also, earlier this month, it was announced that the company had suffered losses of 8.6 million pounds for the first three months of the year compared to 2.6 million pounds in the same period last year.

A Playboy spokesman denied that it had received any offers.

However, he added that as a public company, Playboy would “listen to proposals that could create value for all of our shareholders”.


Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 25 other followers

` FHM Top 10 sexiest women in the world Katrina Kaif hot in skimpy dress Kelly Brook Pictures
Maxim Cover Girls Miss Triumph Spring/Summer collection 2009 Miss. USA 2008 Photo Gallery Salma Hayek Pictures
Victoria's Secret Fashion Show Adriana Lima Pictures Anne Hathaway Pictures

Blog Stats

  • 2,075,941 hits
May 2009
« Apr   Jun »
%d bloggers like this: