Playboy Magazine is facing a downturn of events as the company presently seeks the potential sale of its assets, placing their employees at risks as well as their jobs.
According to a former report from the Toronto Sun, "Playboy Magazine, once infamous for bunny girls and nude photo shoots, is up for sale, and months after putting the Playboy Mansion on the market, Playboy bosses are exploring a possible sale of the entire media company, including its iconic magazine."
According to the same post, the sale would comprise of the company's valued assets that is currently at $500 million, along with the brand's website, the mansion, the licensing deals and other various entertainment extensions.
However, as the sale is being publicized, employees are also at risk for losing their jobs and in turn find ways and means to counter the major changes that the company is presently facing. Although it has not been proven on whether the employees of the infamous company would be cut off or moved or stay, the tensions continue to escalate.
On the other hand, it appears that the company aims on pursuing the possibility of sale and at the same time preserve the legacy of its magazine. To prove the latter, even Playboy Chief Executive Scott Flanders expressed his sentiments. According to him as cited by The Kansas City Star, "Previously we engaged them in the fall to grow the media business and to separately list the mansion. And as part of that they had inquiries as to whether the company could be sold. And several well funded entities have expressed interest."
Meanwhile, Thomas Ordahl, a chief strategy officer at consulting firm Landor said, "The upside of having nude photography in the magazine is negligible and the downside is that it brings a kind of stigma to the brand that they don't need. Playboy's decision is a no-brainer from that standpoint."
With that in mind, Playboy magazine's future remains uncertain and even the buyers have not yet been revealed as well.
