Playboy Enterprises Reaches Agreement to Outsource Publishing Functions

Playboy Enterprises, Inc. (PEI) (NYSE: PLA) today announced that it has reached an agreement with American Media, Inc. (AMI) for the outsourcing of all Playboy magazine functions excluding the editorial product. AMI, which is the nation's fourth-largest consumer magazine publisher, will assume responsibility for the production, circulation, advertising sales, marketing and other support services of both Playboy magazine and the company's other domestic publications.