Playboy Cutting Back, Focusing on Digital Content
Playboy is reducing annual costs by $12 Million dollars, and closing down its DVD division in order to return to profitability by 2009. In reducing costs, Playboy will lay off approximately 80 positions and significantly reduce travel, entertainment and overtime as well as forgo profit-sharing payments. The business has taken its biggest hit from the downturn in print advertising sales as well ...








