Penthouse magazine, an early competitor to Playboy magazine, saw better times before it went digital. FriendFinder publishes the magazine on its network of adult content websites. The social networking and ?adult? website company filed Chapter 11 in a US Bankruptcy Court. The company owes in excess of $550 million according to court filings.

This isn?t the first time Penthouse has hit the skids, In 2004, almost 40 years after the sex-oriented magazine was founded, it was acquired by Marc Bell and Daniel Staton from its creator, Bob Guccione via a Chapter 11 proceeding. In contrast, Playboy with its is still available in print magazine and continues its tradition of featuring celebrities sans attire, interviews with notable personalities, and infamous Playboy Bunnies.

However, FriendFinder Networks, previously Penthouse Media Group, has seen its revenue drop by more than $30 million in the last year. The company blames all the porn that has overtaken the Internet market. FriendFinders goes after singles looking for love in all the wrong places. Its sites include PerfectMatch.com and FastCupid.com, which promises you will find sexy, intelligent singles.

One of the sexy singles sites in jeopardy due to FriendFinder Networks? bankruptcy

Oddly, FriendFinder also claims BigChurch.com, with 149,566 members, as one of its own. You might say it should be BigChurch dot CON. BigChurch states it is a personals 16 site network that caters to ?all kinds of people, interests, and desires.? You betchum; you might be connected to Alt.com or Bondage.com. The supposedly Christian-based site fishes for affiliates where Webmasters can earn money by promoting one or more of the sites within their ?diverse network?.

BigChurch?s own dating site says it brings people together in love and faith where you can search for a prayer partner [I pray I get lucky tonight?] or find a bible study buddy. Christian Dating Service.com, a faith-based competitor, has a different view of what BigChurch.com does.

The Internet creates strange bedfellows, if you?ll pardon the pun. Even under its innocuous title, I doubt BigChurch had any part in influencing credit card companies to refuse to process transactions from their parent company?s more racy sites. FriendFinders notes in its bankruptcy pleading that it has experienced decreasing website membership.

Has the Christian ethic, or the difficulty of making ?naughty? credit card purchases, or the desire to get something for nothing at cheaper and perhaps even more questionable sites driven members away from Penthouse and FriendFinder sites?