Aug 14 2008
The print industry for magazines and newspapers is in a time of crisis. They are losing ad dollars to online ventures and are facing declining readerships. Accordingly, Hugh Hefner is reportedly ending the playboy mansion parties due to the need to reduce costs and improve profitability.
After decades and decades of wild nights, we hear Hef is calling it a day and that Playboy Enterprises has decided that this party and the upcoming annual Halloween party will be the last that the magazine mogul personally throws as a means to cut costs.