| Penthouse Magazine was introduced in 1965. Bug | | | | jurisdiction of the Defense Department. Also, a 1998 |
| Guccione, sensing that the sexuality of men would be | | | | Supreme Court ruling held that a military base is not a |
| a popular niche introduced what has become one of | | | | public forum. |
| the worlds enduring icons. | | | | Videocassettes gained popularity and the steady rise |
| The sexually explicit content of the magazine paved | | | | of the Internet are some reasons that caused the |
| barreled into the common households and stayed on | | | | steady decline of Penthouse Magazine circulation and |
| top of its rival, Playboy Magazine in terms of sales | | | | other pornographic magazines like Playboy Magazine |
| and popularity. Four years later, Guccione expanded | | | | and Hustler Magazine. The Internet provided a |
| the operations of Penthouse Magazine as the | | | | cheaper and multiple avenues of satisfaction for |
| publication began being published in the United States. | | | | customers who sought privacy. After struggleing for |
| Guccione together with Kathy Keeton and some | | | | years, in April 2002, Guccione announced that |
| family members managed the privately owned | | | | Penthouse Magazine was going out of business. |
| company over the years. With the rise of the tome, | | | | Bankruptcy |
| Bob Guccione also rose to fame and was known for | | | | On July 2003, Bob Guccione lost his famous |
| his lavish lifestyle and spending including the infamous | | | | Penthouse Mansion. The mansion was composed of |
| Mansion in Manhattan, gold chains, dream of building a | | | | two townhouses built in 1879. Rebuilt in 1920s by |
| portable nuclear device and casino without a gambling | | | | Jeremiah Milbank, it was one of the largest private |
| license. | | | | residences in Manhattan. At the height of prestige, |
| In the adult business Penthouse Magazine was the | | | | Guccione bought the mansion in 1975. |
| victim of attacks and condemnation from several | | | | IOn August 2003, General Media, the Penthouse |
| groups. The National Federation for Decency, a | | | | Magazine subsidiary filed for chapter 11 bankruptcy |
| Christian conservative group now known as American | | | | protection. It was thought that this move would help |
| Family Association, threatened to boycott stores that | | | | salvage the magazine. |
| carry adult materials. In 1986, Attorney General Edwin | | | | Recent Times |
| Meese and an 11 member Commission on | | | | In October 2003, an announcement of the sale of |
| Pornography also sought to publish a blacklist of | | | | Penthouse Magazine circulated. The company was |
| pornography distributors. About 20,000 retailers and | | | | restructured and in 2004 General Media was renamed |
| convenience stores withdrew support to the | | | | the Penthouse Media Group by owners Marc Bell and |
| magazine after the campaign; this of course caused a | | | | Daniel Staton. Penthouse Magazine was repackaged. |
| decrease in sales. | | | | Starting with the January 2005 issue, Penthouse |
| In 1992, an issue between the magazine and United | | | | Magazine no longer showed pictures of an explicit |
| States Navy surfaced. The United States Navy | | | | nature, being touted as an alternative to FHM |
| reacted negatively on the issues of circulation and | | | | Magazine. Penthouse Magazine nixed explicitly nude |
| distribution around the military base. Distribution and | | | | photos of male and female genitalia. The change |
| sale of adult titles is said to be inconsistent with the | | | | improved the declining sales. However, sales still did |
| rules and regulations concerning sexual harassment | | | | not reach the same circulation numbers of Penthouse |
| and human dignity. | | | | Magazine at the peak of the magazine |
| The Military Honor and Decency Act signed by | | | | In 2005, Penthouse Media Group had a total |
| President Clinton in 1996 stated that the Secretary of | | | | circulation of 326,358 copies. Penthouse Magazine |
| Defense may not permit the sale or rental of | | | | continues to increase sales as it works to become a |
| sexually explicit material on property under the | | | | competitor of the adult entertainment genre. |