Everything seems to have changed this year, including the Penthouse magazine.
Considered as Playboy magazine's seedier cousin, Penthouse magazine is scheduled to transfer its operations to Los Angeles as reported in The Real Deal.
After 50 years in the making, Penthouse magazine has decided to cut its print edition which also has prompted to close its office in New York City.
For the avid readers of the magazine, this may be a bad news. Yet, the Editorial Staff of the Penthouse couldn't also afford to remain in the shelf and leave its subscribers hanging. Los Angeles Real Estate News emphasizes that the most-subscribed magazine will have its content available solely online, allowing its message to reach people from all walks of life all over the world.
Penthouse magazine which inked a lease agreement and 16,400 square feet of commercial space use for 10 years, had been based in 20 Broad Street, Financial District of Manhattan since 2008 and is now moving to 8944 Mason Avenue, Chatsworth, Los Angeles where its parent company, FriendFinder Networks is located.
Just so everyone knows, Penthouse magazine had decided to put its New York space for sublease in 2012 after cutting its total number of staff by almost half. The mass layoff was caused by the expensive cost of the annual space which is more than $40 per foot. The publisher of the magazine might have calculated their big safe if they move out and transfer to Chatworth area as the county's rents only average around $10-$11 per foot as reported in CoStar.
Though it says "goodbye" to the newsstand, all of the magazine's subscriptions will be published in its website PenthouseMagazine.com. A report from Daily Mail explains that the move was decided three months after Playboy announced that publication of nude photos in magazine will cease.
Founded in the U.K. in 1965 by Bob Guccione, American porn baron, the Playboy magazine, now Penthouse magazine, will continue to allure its avid subscribers though not through a hard copy they can grasp and tightly hold but in just one click online.
