Newsstand sales for our flagship magazine rose in the first half of the year despite a very difficult market that resulted in many of our competitors reporting year-over-year declines.

The last six-month period, we were down, ... No question that newsstand sales are soft.

provide additional advertising sales opportunities as we are able to meet the growing demand of companies to market online by offering ad-sponsored links.

The magazine publishing industry owes John a debt. And I think the best way to repay that debt is to build on his legacy. And to further the cause of diversity on our pages, on our mastheads, in our executive offices and in our board rooms,

We knew this was going to be a challenging year in publishing, as it was for the industry.

Playboy strategically selected the Forum Shops at Caesars in Las Vegas to debut our first U.S. store because it is one of the most successful retail shopping destinations in the world. It is clear that Playboy and Las Vegas are a powerful match, presenting the chance for consumers and visitors to experience all of the glamour, sexiness, style and fun associated with both.