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BREAKING NEWS & VIEWS
Playboy Faces Delisting The NYSE requires that the average market cap for a company remain above $75 million during a 30-day period. The company says it will respond to the NYSE notice with a plan for complying with exchange requirements within 18 months. The company has been in an aggressive cost-cutting program. It recently closed its New York office and consolidated print and digital teams. It also relaunched its Web site last month in an effort to attract more users and advertisers. Playboy's longtime CEO Christie Hefner stepped down late last year, and more recently its president of media resigned. If you have breaking news to share please contact Steve Smith at ssmith@accessintel.com |
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