Editing Penthouse (magazine) (section)

===Ownership change===
In February 2016, Penthouse Global Media – a new company headed by Penthouse Entertainment managing director Kelly Holland – acquired the ''Penthouse'' brand from FriendFinder Networks.<ref name="hp-spinout">{{cite web|title=Penthouse Wants You To Reclaim Your Vagina|url=http://www.huffingtonpost.com/sandra-lamorgese-phd/penthouse-sexual-liberation_b_11471944.html|website=Huffington Post|date=August 20, 2016|access-date=14 November 2016}}</ref> Holland overhauled the brand and its properties, with guidance from then-publisher of ''Penthouse''<nowiki/>'s Australian edition, [[Damien Costas]].<ref>{{Cite web |last=Horgan |first=Richard |date=2016-12-15 |title=Penthouse Magazine Is Still in Print |url=https://www.adweek.com/performance-marketing/penthouse-magazine-turnaround/ |access-date=2025-05-08 |language=en-US}}</ref> Costas had acquired the masthead in 2013, repositioning it away from adult content toward commentary on cultural and political issues.<ref>{{Cite web |last=Napier-Raman |first=Kishor |date=2018-11-07 |title=How Penthouse Australia went from nudie-mag to alt-right rag |url=https://www.crikey.com.au/2018/11/07/penthouse-australia-alt-right/ |access-date=2025-05-08 |website=Crikey |language=en-US}}</ref>

Penthouse Global Media filed for [[Chapter 11 bankruptcy]] on January 11, 2018, to address debt-related issues.<ref>{{cite web |title=Penthouse Magazine Publisher Files Bankruptcy a Third Time |url=https://www.bloomberg.com/news/articles/2018-01-12/penthouse-global-media-files-for-bankruptcy-in-california |website=Bloomberg.com |access-date=6 June 2018 |language=en |date=12 January 2018}}</ref>

Penthouse Global Media, Inc. were acquired by WGCZ Ltd., operators of [[XVideos]],<ref name="biglawbusiness.com"/> on June 4, 2018, after winning a bankruptcy auction for US$11.2 million; other companies, such as [[MindGeek]], also participated in the auction.<ref name="avn">{{cite web |first=Mark |last=Kernes |title=Penthouse Bankruptcy Auction Results in New Ownership |url=https://avn.com/business/articles/legal/after-yesterdays-bankruptcy-auction-penthouse-has-a-new-owner-779541.html |website=[[avn.com]] |access-date=6 June 2018 |date=5 June 2018}}</ref> Penthouse Global Media, Inc. was later spun off from WGCZ and renamed Penthouse World Media.