It's hard out here for adult magazines.
Penthouse, the long-time rival to Playboy, has announced it will no longer publish a print edition.
This is just a few months after Playboy announced they would no longer feature -- wait for it -- nudes.
Hustler magazine is also teetering on the brink of extinction based on comments from founder Larry Flynt in 2014 , stating that circulation had dropped from a high of three million per month to about 100,000 per month.
FriendFinder Networks Inc., publisher of Penthouse magazine released a statement explaining why they are shutting down the print edition of the magazine.
“Reimagined for the preferred consumption of content today by consumers, the digital version of Penthouse Magazine will combine and convert everything readers know and love about the print magazine experience to the power of a digital experience."
All operations will move to the offices in Los Angeles.
The company, which also runs adult-entertainment websites, had filed for Chapter 11 bankruptcy in 2013 . The move reportedly eliminated $300 million in debt. Penthouse founder Bob Guccione, who stepped down in 2003, died in 2010.
The print edition of the magazine ran for 50 years.