Playboy Enterprises Narrows Quarterly Loss

Playboy Enterprises Inc. said its second-quarter loss narrowed to $905,000, or 4 cents a share, from $3.1 million, or 12 cents, a year earlier. Sales rose 7.7% to $76 million.

Circulation revenue for the flagship magazine rose more than 10% under the direction of new editorial director James Kaminsky, who went to Playboy in September from Maxim.

Shares of Playboy fell 33 cents to $13.15 on the NYSE