There are a few constants in this life. Death, taxes, and Playboy. So, when the venerable gentleman's brand loses money, you know there's something seriously wrong with the world. The bunny brand lost several million dollars in the first quarter of 2008, across all its businesses.
Seriously, if the godfather of the sexual revolution begins to lose money, can we be far from the end of the world? Pundits and economists have been pointing to economic signs that we are in a recession for the better part of a year now, but there can be no more conclusive proof than this.
Yahoo! News: Playboy posts quarterly loss, shares drop