The Wall Street Journal reports (subscription required) that Playboy Enterprises (NYSE: PLA) is expected to offer the CEO job to Freedom Communications CEO Scott Flanders, replacing interim CEO Jerome Kern.
The Journal adds that "After reports early last week that the publisher had approached private-equity firms about a possible sale, Playboy said it isn't marketing itself to investors but is willing to hear proposals. It isn't clear whether the emergence of Mr. Flanders as a favorite means the company is more likely or less likely to seek a buyer."
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