http://news.bbc.co.uk/1/hi/business/7898318.stm
Playboy has said it would be open to discussions about an outright sale of the company, after reporting a steep quarterly loss.
Playboy Enterprises, best-known for its adult magazine, posted a net loss of $145.7m (£102.6m) for the three months to the end of December 2008.
This compared with a loss of $1.1m for the same period a year earlier.
The company said it was hit by $157m in restructuring and other one-off costs. It cut 14% of its workforce in 2008.
Playboy has struggled with a shrinking audience in a poor economy.
Revenue for the period was $69.8m, down 19% on the fourth quarter in 2007.
In recent months the company has seen a shake-up in the boardroom, with chief executive Christie Hefner, daughter of Playboy founder Hugh Hefner, resigning in December.
Interim chairman and chief executive Jerome Kern admitted: "In the face of current economic conditions, it is clear that our streamlining initiatives need to continue."
In a conference call with analysts, he revealed the company would consider a sale or changes in the strategic direction of its flagship magazine.