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The Hustler Club Is Going Public

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Technically, it's Larry Flynt's entire empire (magazines, websites, a TV network, etc) but the thing to focus on here is that when you step into the Hustler Club, whose Greek Temple-inspired facade can be viewed from the West Side Highway, you'll be stepping into an investment opportunity.

The Los Angeles-based company is already working with “high-powered” firms to consider an initial public offering, Flynt told the Cincinnati Enquirer in a recent interview. The IPO could come to Wall Street within 12 to 18 months, the founder and chairman of the 40-year-old publication said...There are now more than 60 adult Web sites under the Hustler corporate umbrella, Flynt said in the interview. His LFP also includes such legacy assets as Hustler magazine, a strip club and adult-film production companies. While never straying far from porn, Flynt’s immersion in different media and other outlets has spared the company from the bankruptcies that have hit rivals. Today, just 5 percent of Flynt’s profits come from print — while 25 years ago that total was closer to 85 percent, he said in the interview. “We’ve changed the whole economics of our company, [but] we’re more sound than we were before,” Flynt said.

Hustler founder is taking the porn empire public [NYP]



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