Home › DMW Daily › April 22, 2009

Playboy Receives NYSE Delisting Notice

Authored by Mark Hefflinger on April 22, 2009 - 9:57am.
Chicago - Playboy Enterprises (NYSE: PLA) announced on Wednesday that it has received noticed from the New York Stock Exchange that it is not in compliance with minimum listing criteria, because its average market capitalization and shareholders' equity over the past month were below $75 million.

The company said it intends to submit a plan to NYSE within 45 days detailing how it expects to regain compliance within the next 18 months.

The company's shares will continued to be listed, assuming the NYSE accepts its plan.

Playboy has suffered in recent years due to the overall advertising slump for magazines, and the emergence of other online venues for adult content.

 

Related Links:
http://snipurl.com/gh7sy

http://www.playboy.com

Published in DMW Daily, April 22, 2009
tags: Video | Advertising | Playboy | Magazines | Publishing | NYSE |



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