Playboy loses $14m in Q3
Playboy Enterprises' revenue fell $14 million in Q3, on the back of lower income from its international TV channels and magazines. The company, which publishes Playboy magazine worldwide and creates TV programming for its own-branded TV channels, as well as mobile and radio platforms, said global revenue totaled $56 million in Q3 against $70.4 million in the same period of 2008.
Revenue from its non-US TV channels declined $1.1 million year on the year to $10.7 million in Q3. The company blamed increased competition and "the effects of the economy" on consumer spending for the decrease.