It seems that cover ups are everywhere today, even in capital budgeting. Today,
Playboy announced that it would no longer publish pictures of nude women. The company,
which had a peak circulation of 5.6 million in 1975, has seen its
circulation drop to 800,000. A company spokesman stated that with so
much free porn available that nudity has become passe. As a result, the
company exercised its option to alter the format of the magazine.