A Playboy press release quoted Tero Turunen, Minick’s CEO, saying, “‘The possibilities of using mobile as part of an integrated digital content distribution strategy are endless. Given the iconic nature of the Playboy brand, our goal is to enhance their content offerings and expand their reach, both through traditional portals as well as on a [...]
PET Capital Partners, the group of private investors that purchased Penthouse Media in 2004, turned Penthouse magazine away from all-XXX content and into something approaching a lifestyle magazine. Now, they’ve purchased Various, Inc., operator of 25 disparate, social networking sites, including AdultFriendFinder.com, GradFinder.com and BigChurch.com. The New York Times (Dec. 12, 2007)
CEO Michael Hayes revealed that Fred’s has received multiple inquiries and has retained Merrill Lynch to review its strategic and financial alternatives. Fred’s has also suspended its stock repurchase program. Hayes broke the news during a 3Q conference call, on which he reported total sales of $419.9 million, a 3% increase. Fred’s Inc. operates 708 [...]