Inside these posts: Playboy magazine

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Jan. 10 at 4:50 p.m.
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Filed under: M&A, Magazines, Media, Updated

Hefner to take Playboy private; shares spike

Playboy will be taken private under an agreement with Icon Acquisition Holdings, a limited partnership controlled by founder Hugh Hefner, left. (LATimes)

By Robert Channick | More than 57 years after launching Playboy from his South Side apartment, Hugh Hefner is buying back the bunny.

After six months of deliberation, an improved offer to take Playboy Enterprises private at $6.15 a share passed muster with the board, which voted Sunday to return the magazine empire to its 84-year-old founder.

Shares of Playboy spiked nearly 18 percent on Monday. Get the full story »

Jan. 7 at 10:01 a.m.
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Filed under: Magazines, Media

Playboy ends dispute with DirecTV

From The Hollywood Reporter | Playboy Enterprises will take a $13 million charge on its fourth-quarter earnings after having ended its legal dispute with DirecTV, the company said in a filing Thursday.

Dec. 27, 2010 at 8:54 a.m.
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Filed under: Advertising/Marketing, China, International, Media

Playboy pin hopes for turnaround on growth in Asia

By Associated Press

February marks the start of the year of the rabbit in the Chinese lunar calendar.

It may be an auspicious sign for Playboy Enterprises Inc., which opened a nightclub in Macau last month as it seeks to expand its business by licensing the trademark bunny head logo on lifestyle products in Asia, its fastest growing region.

The company, founded by Hugh Hefner in 1953, also plans to open a Playboy Mansion in 2012 in Macau, a former Portuguese colony on the southern coast of China, and has been busy cutting deals to sell Playboy-branded merchandise across Asia.

Dec. 9, 2010 at 8:15 a.m.
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Filed under: Magazines, Media

Playboy artwork sells at New York auction

From the BBC | A Dali watercolour of a reclining nude that once hung in Playboy founder Hugh Hefner’s bedroom has fetched $266,500 at a New York auction. The nude, featured in a 1967 issues of Playboy and not expected to get more $150,000, was among 125 artworks owned by the magazine to go under the hammer at Christie’s.

Wednesday’s sale included 80 photos and 24 cartoons, a fraction of the magazine’s archives stored in a warehouse in Chicago. Get the full story>>