Playboy strategically selected the Forum Shops at Caesars in Las Vegas to debut our first U.S. store because it is one of the most successful retail shopping destinations in the world. It is clear that Playboy and Las Vegas are a powerful match, presenting the chance for consumers and visitors to experience all of the glamour, sexiness, style and fun associated with both.

With the strong global appeal of the Playboy brand and the differentiated content offered, we have built a men's destination site with multiple revenue streams, including e-commerce, advertising, subscription and pay-per-view, ... In addition, our recent acquisition of the Spice brand gives us an opportunity to create a separate site, cross-promoted with the Spice TV network.

The last six-month period, we were down, ... No question that newsstand sales are soft.

It gives no more choice or control to parents, but it takes away the choice of millions of adults who enjoy watching Playboy-TV before 10 o'clock at night.

One is more and more consumers are getting information and entertainment online and the other is more and more advertising dollars are going online.

Provide additional advertising sales opportunities as we are able to meet the growing demand of companies to market online by offering ad-sponsored links.

We see this is a natural extension of the Playboy brand.

She no longer has a staple in her navel.

We knew this was going to be a challenging year in publishing, as it was for the industry.