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(Reuters) - Maybe sex doesn’t sell that well after all. PK, publisher of Penthouse magazine and numerous adult-entertainment websites, filed for Chapter 11 bankruptcy on Tuesday. Under the plan, one group of noteholders will take ownership of the sex entertainment business, which traces its roots to the late Penthouse publisher Bob Guccione.

The company, which sought to combine social networking and sex, said it had struck a deal with noteholders that will reduce its debt by 0 million if approved by the U. As is typical in bankruptcy, shareholders will likely be left with nothing.

Shashoua also said credit card companies had refused to process transactions for the company’s Internet businesses. Friend Finder has not turned in a net profit since at least 2008, according to Thomson Reuters data.

The company was formed by Marc Bell and Daniel Staton in 2003 when they acquired out of bankruptcy the publisher of Penthouse, Guccione’s racier rival to Playboy.

Some of that drop was offset by a 7.8 percent rise in live interactive video revenue.

Through a network of thousands of websites, Friend Finder provides live video, chat rooms, and photo and video sharing.In 2007 the company bought Various Inc and its dating websites from Conru and Mapstead for 0 million. Bankruptcy Court papers it plans to issue cash and new debt to holders of 4 million of first-lien notes.A year later it filed with regulators to raise 0 million in an initial public offering, but when it finally completed the IPO in 2011, Friend Finder raised just million. It also plans to cancel about 0 million in second-lien notes and issue new stock to those debtholders, who will own the company when it exits bankruptcy if the plan receives creditor and court approval.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Over 412 million accounts -- including 16 million "deleted" accounts -- were leaked from FFN sites, including Adult Friend Finder.com, Penthouse.com, Stripshow.com, Cams.com, and i Although the size of the breach is far greater, the nature of the data is less intimate than the previous FFN breach.AFF-Mitglieder-Profile durchsuchen, E-Mail-Nachrichten senden und Webcams sowie Chats ansehen. Finde überall und zu jeder Zeit Verabredungen zum Sex - es ist als hättest du eine Party in deiner Tasche! INITIAL_PROPS_HEADER = {"data":,"id":"wsj/header","context":{"article Id":"SB10001424052702304403804579262783110693934","author":"Katy Stech","breakpoint":"lg","corp Hat":[,],"customer Nav":{"user":null,"ads":,"urls":{"login Url":"https://com/login?Adult Friend Finder hat Millionen Menschen dabei geholfen traditionelle Partner, Swinger-Gruppen, Dreier und eine Vielfalt anderer, alternativer Partner zu finden.Dating mit Adult Friend Finder spart dir Zeit und Mühe.Nur weil du unterwegs bist bedeutet das nicht, dass du den ganzen Spaß verpassen musst.Mit der Mobilversion von Adult Friend Finder kannst du all die Dinge, die dir auf deinem Computer Spaß machen, auch von deinem Smartphone oder Tablet aus erleben.

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