A bankruptcy judge cleared a reorganization plan Thursday for General Media Inc., the publisher of Penthouse magazine. With its amended plan, Mexican investor Enrique Molina would lose control of Penthouse assets and give it to bondholders led by Florida investor Marc H. Bell.
After several months of uncertainty over the fate of one of America's landmark porn magazines, Penthouse has fallen into the hands of one of its principal stockholders, Dr. Luis Enrique Molina.
