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Wednesday, December 12, 2007

Penthouse Buys Group of Social-Networking Sites - New York Times

Excerpt:
"While the influx of free and low-cost video has hurt the sale of pornographic videos, the chief executive of the Penthouse Media Group remains so bullish on the sex-related entertainment industry that he is investing $500 million in a group of social networking sites."
http://www.nytimes.com/2007/12/12/technology/12penthouse.html?ex=1355115600&en=f03c66d46164de60&ei=5088&partner=rssnyt&emc=rss

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