Playboy's Losses Narrow; Everything Still Shrinking; Hints More Layoffs

Playboy Enterprises (NYSE: PLA), still clinging on to the hope that it can be turned around, has reported its Q309 results, and while the losses have narrowed, all major lines of business—print, TV and licensing—saw revenues drop for the quarter. It had losses of $1.1 million compared to a net loss of $6.2 million in Q30...