The magazine’s circulation currently sits at around 800,000, down significantly from its peak of 5.6 million in 1975. However, the Journal reports that revenue from licensing could be worth as much as hundreds of millions of dollars in the future.
The company also owns the iconic Playboy Mansion in California, which it put up for sale earlier this year for $200 million.
In October, the company announced its magazine would no longer feature the nudity that made it one of the most sought-after publications for adolescent males for six decades and simultaneously turned the Playboy bunny into one of the most recognizable brands in the world.
In an interview with the New York Times announcing the decision, Playboy CEO Scott Flanders said the magazine’s brand of naughtiness had become almost quaint compared to the virtually endless supply of free, easily accessible pornography on the Internet. More.
Reality check: It’s not an attack of social morality or the freedom of the Internet that is causing this. People who are no longer needed in the work force have lots of free time to consume the stuff but fewer assets to pay for it.
In the days of well-paying, necessary jobs, government and religion worked together to limit trends that reduce social capital. But today, it really doesn’t matter to anyone, if not the individual.
See also: Long slow march to consensual euthanasia without conscience rights for medics. Including euthanasia of children with guardians’ consent
(In part because citizens are decreasingly a form of wealth)