PLEASUREBUSINESSVODAVN AWARDS 2014

Located in: Home > Business > Video News > Investor Backs Away From New Frontier Buyout

Investor Backs Away From New Frontier Buyout

Investor Backs Away From New Frontier Buyout

TheStreet.com reported Thursday that Warren Lichtenstein, an activist investor, has sold off some of the shares he holds in New Frontier Media, a major cable, satellite and pay-per-view adult content provider toward which he had previously made overtures for a management buyout.

New Frontier, the umbrella firm to The Erotic Networks (TEN), is a formidable competitor with Playboy, and this move on the part of Lichtenstein is being viewed by analysts as a step back from his previous designs on the company.

To read TheStreet.com's full report on the development, click here.

 

ADVERTISEMENT






Related Content:

Max Schwartz

Comments

 /
Please log in to comment.
Don't have a free account? Become a member!


By participating you agree to our Privacy Policy & the AVN "Be Kind Policy"
and represent that you are not under the age of 18.






AVN.com