Los Angeles Business Journal

Rebuilding Playboy

Wednesday, February 20, 2013

Publishing is now a sideline for Hugh Hefner's racy brainchild, the Wall Street Journal reports. Playboy Enterprises Inc.'s first chief executive outside the Hefner family has been radically reshaping the company, shrinking its staff by 75 percent, moving its headquarters from Chicago to Los Angeles, outsourcing much of its business, and ushering in what many current and former employees describe as a harsher company culture.