Penthouse (magazine)

===Bankruptcy===
On August 12, 2003, General Media, the parent company of the magazine, filed for Chapter 11 bankruptcy protection. Immediately upon filing, [[Cerberus Capital Management]] entered into a $5 million [[debtor-in-possession]] credit line with General Media to provide working capital.<ref>{{cite web|url=https://www.sec.gov/Archives/edgar/data/1164123/000103883803000516/form8k081203.txt|title=SEC Filing|access-date=November 17, 2017}}</ref><ref>{{cite web|url=http://www.medialifemagazine.com:8080/news2003/aug03/aug11/3_wed/news2wednesday.html|archive-url=https://archive.today/20130104003426/http://www.medialifemagazine.com:8080/news2003/aug03/aug11/3_wed/news2wednesday.html|url-status=dead|title=Wednesday|date=January 4, 2013|archive-date=January 4, 2013|website=medialifemagazine.com}}</ref> In October 2003, ''Penthouse'' magazine was put up for sale as part of a deal with its creditors. On November 13, 2004, Guccione resigned as chairman and CEO of Penthouse International, the parent of General Media.

''Penthouse'' filed for [[bankruptcy]] protection on September 17, 2013. The magazine's then-current owner [[FriendFinder]]'s current [[common stock]] was wiped out and was no longer traded on the open market. In August 2013, FriendFinder's stock was delisted from [[Nasdaq]] because it consistently failed to trade for more than $1.<ref>{{cite news|title=Penthouse magazine owner files for bankruptcy|url=http://www.latimes.com/business/money/la-fi-mo-penthouse-magazine-owner-files-for-bankruptcy,0,581995.story|newspaper=LA Times|access-date=September 18, 2013|first=Stuart|last=Pfeifer|date=September 17, 2013}}</ref>

As of 2015, General Media Communications, Inc. publishes entertainment magazines and operates as a subsidiary of FriendFinder Networks Inc.<ref name=2014GMCBloomberg>{{cite web|author=<!--Staff writer(s); no by-line.-->|title=Media: Company Overview of General Media Communications, Inc.|url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapid=7731657|archive-url=https://web.archive.org/web/20130604000830/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=7731657|url-status=dead|archive-date=June 4, 2013|publisher=Bloomberg Business Week|access-date=April 2, 2014}}</ref>