Porn industry seeks $5 billion federal bailout

Man, you just can't make this stuff up. “Why shouldn’t it hand some to an industry the nation could not live without?” I didn't know the nation could not live without porn. What has this country come to?-Lou

Porn industry seeks $5 billion federal bailout

By KEVIN MODESTI
LA DAILY NEWS

LOS ANGELES — In an announcement that launched a thousand unprintable puns, adult-entertainment moguls Larry Flynt and Joe Francis said Wednesday that they are asking Washington for a $5 billion federal bailout, claiming that the porn business is suffering from the soft economy.

Francis insisted in a phone interview that this is no joke or publicity stunt, though his tone suggested otherwise.

“The government’s handing out money to the auto industry,” Francis, producer of the “Girls Gone Wild” video series, said on the phone from his Santa Monica office. “Why shouldn’t it hand some to an industry the nation could not live without?”

The request, Francis said, was being made in a letter to Rep. Barney Frank, D-Mass, and Treasury Secretary Henry Paulson. The $5 billion figure, he said, reflects the decline in U.S. adult-entertainment- industry revenue from $18 billion three years ago.

Read Article Here:
http://www.ajc.com/business/content/business/stories/2009/01/08/flynt_porn_bailout.html