Playboy Enterprises Inc. said low subscriber rates...

Playboy Enterprises Inc. said low subscriber rates for its cable television programs led to a $5.1-million loss in the final quarter of its fiscal year, contrasted with a profit of $7.0 million a year ago. The Chicago-based company, which publishes Playboy magazine, said its Playboy Channel lost money in the quarter. The company has seen revenue decline in recent years with the closing of its Playboy clubs, mostly franchised, and hotels and casino operations. For the year, profit fell to $2.6 million from $11.1 million a year ago.

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