FriendFinder Networks has filed for has filed for Chapter 11 bankruptcy today in order to cut its debt load as the company struggles to make loan payments.
FriendFinder, which houses sites like AdultFriendFinder.com, GetItOn.com, XMatch.com, Cams.com, Danni.com, and Penthouse.com and also has reportedly not turned a net profit since 2008, listed out estimated liabilities of $500 million to $1 billion and assets less than $10 million, according to a court filing.
“Despite continuing member interest and high volume traffic, the debtors did not make certain payments to the holders of existing first lien notes and cash pay second lien notes which constituted a default under their respective indentures,” FriendFinder said in the filing.
Why should you care about FriendFinder Networks filing for bankruptcy?
Well if they don’t start to turn a profit, AdultFriendFinder.com will go out of business and you’ll have to download Tinder to find casual sex.
Worse, if they don’t start to turn a profit, this could mean the end of Penthouse. FriendFinder Networks operates Penthouse.com and they publish Penthouse Magazine.
Penthouse porn is consistently some of the best porn around. There’s a reason why Penthouse porn is such a trusted brand name with consumers.
When you take your daily trip to the corner store to buy candy or cigarettes, I highly recommend that you pick up an issue of Penthouse porn magazine to do your part to help ensure its existence.
To convince you that buying a Penthouse porn magazine is a good idea, here are some of the best porn pictures pinned from the pages of Penthouse featuring some of your favorite pornstars (Malena Morgan, Samantha Saint, Jenna Rose, Sunny Leone, Sasha Grey, Alexis Ford, Devon, Emily Addison, April O’Neil, Ash Hollywood, Whitney Westgate, Nicole Aniston, and many more!):