End of an era Playboy shuts down New York offices

After his daughter's resignation as CEO, the last three months had not been too generous for Hugh Hefner.

The latest news is that Playboy Enterprises Inc. is closing its Manhattan office and laying off employees as it struggles with falling advertising revenue and a gloomy economic climate..

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http://www.nbcactionnews.com/business/story/Playboy-Enterprises-closing-NYC-offices/_6_Qoogd-U-757JSwHaCIQ.cspx