The Penthouse Media Group has locked down $48 million in private financing to pay for an expansion into TV and wireless delivery, potentially reviving the formerly rough-and-tumble competition for
soft-core porn profits. Penthouse said it will use the new money to build multiple high-definition on-demand and subscription TV properties in a direct challenge to Playboy Enterprises, which operates
Playboy TV and the Spice channels in the U.S. and abroad.
Read the whole story at Adage.com, September 14, 2005 »
