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Founder Hugh Hefner proposed to take the company private Monday morning. Later in the day, the owner of Penthouse magazine said it will put up a bid for its longtime competitor.
Surprising turn of events. If Penthouse were to win, I think it might bring a new edge to Playboy which I hear has been losing quite a few subscribers.
Who do you think should own Playboy? If Penthouse were to own it, do you think they should change anything to it?
