Playboy Expects EBITDA to Rise 70%

Playboy Enterprises Inc. said it expects 2002 earnings before interest, taxes, depreciation and amortization will jump 70% to about $60 million from about $35 million this year.

Playboy Chief Executive Christie Hefner said the company expects each of its businesses to report improved results next year, with the largest contributors being its entertainment and online units.

Playboy shares closed up 20 cents to $14.85 on the New York Stock Exchange.