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Its revenue in the year ended June 30 totaled 3.70 million, down 10 percent from the previous year.
Hardest hit was the company’s social networking websites, where revenue fell 17.6 percent, according to court filings.
Some of that drop was offset by a 7.8 percent rise in live interactive video revenue.
Ezra Shashoua, the company’s chief financial officer, blamed the lower revenue on a drop in membership and increased advertising costs for affiliates, according to court documents.
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Control of the company would go to Andrew Conru and Lars Mapstead, two noteholders who sold various social networking websites to Friend Finder in 2007.
Through a network of thousands of websites, Friend Finder provides live video, chat rooms, and photo and video sharing.
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Bilde dich zu einer endlosen Zahl erotischer Themen weiter, und erhalte echte Einsichten von Mitgliedern zu Sex-Dating, Fetischen, Swingen, alternativem Dating und noch viel mehr!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.(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.