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Old 10-20-2015, 07:51 AM   #11
glatt
 
Join Date: Jul 2003
Location: Arlington, VA
Posts: 27,717
An article I saw said that a very significant source of their income was licensing their logo in China and other countries that never had the actual magazine but that somehow know about it and want their Playboy baseball caps.

They lose money on the actual magazine.
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