Penthouse’s Bankruptcy Letter to Creditors

NO NUDES IS GOOD NUDES DEPT.

Penthouse, the 48-year-old sex magazine founded by Bob Guccione, filed for bankruptcy protection yesterday. (We learned of this while surfing for free porn on the web.) But even though it will be gone, the magazine, notorious for printing letters allegedly documenting its readers’ sexual “conquests,” had time to send one last letter of its own...