The "Good" One Could Go Under

It looks like debt and bad business deals have caught up to Bob Guccione, so bad in fact that if not paid the trustee, the Bank of New York, could assume control of the company. They claim that the web is to blame.
"Pornographic images of every bent are now just a click away on the Web, often at no charge, and Penthouse, which once sold almost five million copies a month, now has a circulation of 650,000."

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