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In Brief

[naviga:h3]President’s Award winner selected[/naviga:h3]

Consolidated Communications employee Brad Spiker recently received the company’s highest honor, the President’s Award, at the company’s annual employee meeting.

The award is presented to employees who demonstrate extraordinary performance on a project or who continually exceed expectations.

Spiker is a network technician based in Gibsonia, and has been with the company for 16 years.

In all, 10 employees received the award for their commitment to the company, customer service and willingness to go above and beyond when working with customers and peers.

[naviga:h3]Penthouse files for Chapter 11[/naviga:h3]

Penthouse Global Media, the company behind the adult magazine created five decades ago by Bob Guccione, has filed for Chapter 11 bankruptcy protection, according to court documents filed in a California federal court.

The filing represents the latest setback for the publisher, which has been struggling financially for years as the print advertising market has declined and the adult entertainment industry has migrated online.

In addition to putting out a monthly magazine, Penthouse oversees several adult cable and satellite channels that reach more than 100 countries. It also runs a licensing business for its intellectual property and iconic brand.

Penthouse Global Media was formed in 2016 when it was acquired by Chief Executive Kelly Holland in a buyout from parent company FriendFinder Networks. The Florida-based online dating site had merged with the company in 2007 and explored the idea of shutting down the print magazine.

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