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Spotlight on Playboy Enterprises Inc.: Although fiscal 1993 profit fell 79.9%, mostly due to accounting charges and lower tax benefits, revenue increased 10.9% as the company prepared to enter the interactive multimedia market. Said Chief Executive Christie Hefner: “The convergence of television, computer and telephone technologies will create new formats for our libraries of 800 hours of original video programming, 8 million photographs, hundreds of interviews and original art.”
Major Properties
* Publishing: Playboy magazine and catalogue, Critic’s Choice catalogue
* Entertainment: Domestic Playboy pay TV network, home videos, international Playboy TV and video
* Product marketing: Sportswear, limited-edition prints, watches, ties
Financial Data
* Market capitalization: $167.6 million
* Current cash: $2.2 million
* Current long-term debt: $1.3 million
* 1993 revenue: $214.9 million
* 1993 profit: $0.4 million
* Earnings per share: $0.02
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