![]() ![]() The company filed for bankruptcy in 2004. Guccione borrowed frantically to keep his empire - which at one time included Spin, Omni, Longevity and auto enthusiast books - afloat, but eventually lost control and was forced out. Penthouse was founded in London by Bob Guccione in 1965 and landed in the United States in 1969 with a wilder take on sex pictorials than its better-selling archrival, Playboy. “First, under an exclusive contract with Vivid Video, then Wicked, Adam & Eve and Playgirl TV,” according to her LinkedIn profile. “For over 10 years Kelly Holland has written, produced and directed erotica. Holland, since 2005, has been “CEO of Chick Media, a broad base multimedia corporation with a mission statement to provide high quality, sex positive, erotic programming for women. She has remained active in the adult film business even while running General Media Publishing, the FriendFinder subsidiary that publishes Penthouse. ![]() Holland is one of the few women involved in the upper echelon of porn. The final issue date “has not been determined,” he said.Īnd one industry insider said the reason for the vagueness is that Holland is still trying to find a way to buy it from Friendfinder. “As we convert to digital, the magazine will still be published,” he said. While Shashoua did not comment on any sale, he did concede that there is no final print issue planned yet. “Reimagined for the preferred consumption of content today by consumers, the digital version of Penthouse Magazine will combine and convert everything readers know and love about the print magazine experience to the power of a digital experience.” ![]() “This will be a new way for its readers to experience the world’s best adult magazine,” the company said in a statement announcing its retreat from print. Sources say it was shopped unsuccessfully by FriendFinder over the past year. ![]()
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