
Williams, who went on to fame as a singer and actress, was forced to relinquish her title after the release of the issue, which sold nearly 6 million copies and reportedly made $14million. Two years later, the stag mag made intentional headlines when it published nude photos of Vanessa Williams, the first African-American woman to be crowned Miss America. Multimillionaire: In its heyday, Penthouse's circulation routinely surpassed 5 million copies a month, earning its publisher, pictured here in 1972, a spot on the Forbes 400 ranking of the wealthiest people in the world In its heyday, Penthouse's circulation routinely surpassed 5 million copies a month, earning its publisher a spot on the Forbes 400 ranking of the wealthiest people in the world with a net worth of $400million in 1982. Four years later, the magazine rolled out its first US edition, billing itself as a raunchier alternative to Heffner's Playboy.

Penthouse was founded in 1965 the UK by American porn baron Bob Guccione. As condition of the sale, the magazine's 89-year-old founder would be allowed to continue living there for the rest of his life. Playboy is scheduled to unveil its redesigned print edition, sans naked centerfolds, in March.Įarlier this month, Playboy put Heffner's legendary Playboy Mansion on the market with an asking price of $200million. The drastic move comes three months after Penthouse's former arch-rival, Hugh Heffner's Playboy Magazine, announced that it will stop featuring nude photos of women after more than 60 years of publication. The cover of the January 2016 issue of Penthouse featured adult film actress Christiana Cinn as Penthouse Pet of the Month. 'Reimagined for the preferred consumption of content today by consumers, the digital version of Penthouse Magazine will combine and convert everything readers know and love about the print magazine experience to the power of a digital experience.' 'This will be a new way for its readers to experience the world's best adult magazine,' the company stated to Wall Street Journal. This month's cover featured Penthouse Pet of the Month Christiana Cinn (pictured)įriendFinder, which also owns several online dating websites, sought to put a positive spin on the decision to do away with Penthouse Magazine’s print edition, saying in a statement Friday that the change is necessary 'to keep Penthouse competitive in the future.' The company filed for bankruptcy protection in 2013.Farewell, stag mag: Penthouse Magazine has announced it will be ending its print edition after 50 years on the newsstands. As well as publishing Penthouse, FriendFinder operates a number of online dating sites including, , and. Penthouse's New York offices will be shut as part of the changes, and moved to FriendFinder's offices in Los Angeles. The situation is the same abroad, too: in November last year, UK "lad mags" FHM and Zoo announced they were also closing.

The situation for Penthouse seems a little different considering the publication's decision to go digital-only, but in both cases, the internet is almost certainly responsible in Penthouse's case, for reducing the magazine's circulation from its zenith of 5 million copies a month. Playboy's chief content officer said at the time that the new magazine will have pictures that are "a little more accessible, a little more intimate," but that with the advent of the internet, fully-nude images were "just passé." The move follows Playboy's decision last year to stop publishing images of completely nude women as part of a redesign set to be unveiled this March. Last year, Playboy announced it would stop publishing fully-nude images

"Reimagined for the preferred consumption of content today by consumers, the digital version of Penthouse magazine will combine and convert everything readers know and love about the print magazine experience to the power of a digital experience," said FriendFinder Networks in a statement reported by The Wall Street Journal. The publication will continue in a digital format only, with parent company FriendFinder Networks saying the change is necessary to "keep Penthouse competitive in the future." It's another notch on the internet's bedpost: Penthouse magazine is ending its print edition after more than a half a century on the newsstand.
