Playboy Enterprises: The Chicago-based publishing and TV...
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Playboy Enterprises: The Chicago-based publishing and TV company said third-quarter net income dropped to $262,000 from $2.7 million a year ago. Revenue rose 7% to $40.7 million. The year-ago period included income from discontinued operations of $1.7 million as well as a $610,000 federal income tax refund. Playboy said profit in the publishing group was depressed by an adjustment due to soft sales of newsstand specials published in previous quarters. The company’s video entertainment group reported a profit of more than $600,000 for the quarter, compared to an operating loss for the same period last year.
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