NYSE May Delist 'Playboy' Parent
Mediaweek, Wednesday, April 22, 2009 9:31 AM
Playboy Enterprises Inc. has received notice from the New York Stock Exchange that it is not in compliance with the exchange's listing criteria, per a SEC filing. Playboy's average market cap over a 30-day trading period fell below $75 million. Playboy's market cap was listed Tuesday at $69.5 million.
Playboy said it would comply with NYSE's requirement that it submit a plan to the Exchange detailing how it expects to comply with the listing standard within the next 18 months.
Recently, No. 3 U.S. newspaper company The McClatchy Co., also was warned by the NYSE that it faced possible delisting for falling below the $75 million market cap requirement.
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