BUSINESS WIRE - Feb 24 - FriendFinder Networks have sold all of the shares of the companies comprising FFN's Penthouse enterprise to Penthouse Global Media. I asked FFN's CEO for comment. Here's the inside track. "We decided that given our intense focus on dating and cams, we weren't in the best position to give Penthouse the undivided attention it deserves, and Kelly Holland is really passionate about giving it this undivided attention and raised the money to do a management buy-out. We're going to be continuing with live caming of Penthouse models so this arrangement was really a win-win for both parties."
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