Initial Penthouse Offering, Take Two: Go Public or Go Bust

FriendFinder Network needs money ... fast. But, this is nothing new. The weight of hundreds of millions of dollars of short-term debt and no way to repay it has prompted the company formerly known as Penthouse Media Group to turn to the public capital markets for the help it needs. It's a desperate move, as FFN learned a year ago when it made the same announcement under the same circumstances. Likely, the results will be the same as well. FFN didn't go public last year, and 2010 probably won't be any different.