As filed with the Securities and Exchange Commission on December 23, 1998
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): December 23, 1998
Playboy Enterprises, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 1-6813 36-2258830
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(State or other jurisdiction of (Commission File (IRS Employer
incorporation) Number) Identification No.)
680 North Lake Shore Drive, Chicago, Illinois 60611
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(Address Of Principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (312) 751-8000
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Not applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events
On December 23, 1998, Playboy Enterprises, Inc. (the "Company")
announced that it has no present plans for a public stock offering of its
Internet business. A copy of the press release by which this announcement was
made is attached as Exhibit 99.
Item 7. Financial Statements and Exhibits
(a) Financial statements of businesses acquired
Not applicable.
(b) Pro forma financial information
Not applicable.
(c) Exhibits
Exhibit
Number Description
99 Press release, dated December 23, 1998, of the Company.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
PLAYBOY ENTERPRISES, INC.
By: /s/ Howard Shapiro
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Name: Howard Shapiro
Title: Executive Vice President,
Law and Administration,
General Counsel and Secretary
Dated: December 23, 1998
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EXHIBIT INDEX
Page
99 Press release, dated December 23, 1998, of Playboy Enterprises, Inc. 5
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Exhibit 99
FOR IMMEDIATE RELEASE Investor Contact:
Martha Lindeman 312-751-8000 x2650
Media Contact:
Rebecca Theim 312-751-8000 x2656
PLAYBOY CLARIFIES POSITION
ON INTERNET BUSINESS
CHICAGO, December 23, 1998 - Playboy Enterprises, Inc. today said that it has no
present plans for a public stock offering of its Internet business. As the
company has previously indicated, it is regularly involved in discussions about
transactions designed to increase shareholder value, which can and do lead to
ventures, such as the recently announced international deal with the Cisneros
Television Group which will generate significant cash value from the
international television rights to Playboy's programming library. Various
divisions of the company have been involved in discussions, some of which are
ongoing.
* * * *
Playboy Enterprises, Inc. is an international multimedia entertainment company
that publishes editions of Playboy magazine around the globe; creates
programming for Playboy TV networks and home video distribution around the
world; operates a direct marketing business, including Critics' Choice Video,
Collectors' Choice Music, Playboy and Spice catalogs and Web sites; markets
Playboy-branded consumer products sold worldwide; operates Playboy Online, which
includes the Playboy.com and Playboy Cyber Club Web sites; and plans to open the
Playboy Casino & Beach Hotel on the Greek island of Rhodes.
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