Only one editorial employee, associate editor Deidre Goldbeck, was reachable in Penthouse's offices on Thursday. The break in publication resulted in significant lost revenue and could make it hard for Penthouse to sell future ads. Last Tuesday, the magazine's employees were called to a meeting and told Penthouse had missed its printing schedule-no new issues of the monthly magazine appeared from late April until early July-because the company had been unable to pay printing costs, according to several people who were present at the session and asked to remain anonymous. She also refused to comment on whether the magazine, or any of its print spinoffs like Penthouse Forum and Penthouse Black Label, would publish again. When asked whether employees would receive their full paychecks, she declined to comment. Lainie Speiser, a spokeswoman for Penthouse, insisted the magazine had no cash-flow problems. Meanwhile, employees and the magazine advertising community are questioning whether the once high-flying skin magazine will ever publish again. And Kennedy Funding, a commercial real-estate lender, is planning on foreclosing on the mansion on Tuesday, according to Joseph Wolfer, Kennedy's founder and principal. Penthouse employees on Friday received only 25 percent of their usual salaries, according to several employees at the company. What's more, by next week Penthouse founder Bob Guccione could lose his fabled Penthouse Mansion, a century-old residence that is one of the largest private homes in Manhattan. Penthouse Magazine, long a staple of adolescent fantasies and a favorite topic of discussion for Howard Stern, could soon be disappearing from the publishing world.
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