Valleywag
Financier and CEO Marc Bell plans to take Penthouse Media Group public in a $250 million IPO. If investors take the bait, it'll likely be on the strength of Adult FriendFinder and the rest of the Web properties Penthouse bought from Andrew Conru last December for $500 million. After the acquisition, Penthouse projected its 2007 revenues would reach $340 million — most of that from Adult FriendFinder. Some of the proceeds from the IPO, if it succeeds, will go to pay off debt from the acquisition.
Penthouse plans $250 million public offering
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11:20 AM on Fri Mar 7 2008
By Nicholas Carlson
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Can't wait to see the annual reports. Will investor relations be stocked with pentmates?
What happened to Andrew? Did he stay on or move on?
Andrew is doing well. He feels a little tramatized by the adult industry-imagine the hours he has worked and imagine the effect those images have had on his mental state.
He is spending time evaluating his new life, its new phase, and enjoying the simple things he once enjoyed. He is rediscovering a normal life. All the while, he is still working Various, and planning his permanant departure.
Andrew is very interested in aquaculture, he has purchased a small boat, and is somewhere in the Pacific ocean at this very moment, accompanied by his fiance-a devout Lutheran. Lois is a woman of high moral reproach that he met at bigchurch.com. She is not very attractive, but he likes her for her innerds.
They are building a treehouse in the forest. He is chopping wood for the winter, and she is canning jams and beans. Although they are starting late in life, they are planning a family of 16-some of the children are from her 4 previous marriages.
Andrew reports that he has found his "quintessential great find", and is very happy.
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