Guccione Gurgles: Penthouse Empire Is Finally Spent
Over the past 15 years, Robert Guccione’s once-lucrative porn
empire has fizzled and is no longer the cash machine it once was. As chairman and chief executive of General Media International
Inc., which publishes Penthouse, Mr.
Guccione could havesoldthe magazinefor perhaps half a billion dollars less
thantwo decades ago. But instead he held on, diversified Read More
