Playboy reportedly has hired investment bank Moelis & Co. to explore a sale of the iconic men's magazine brand. The news came weeks after the Playboy mansion went up for sale for $200 million. The magazine also recently unveiled its first non-nude issue as it adjusts to online competition that has eroded its circulation. Playboy chief executive Scott Flanders told CNN the decision to explore a sale, which would include the magazine, website, and licensing deals and could fetch more than $500 million, "arose out of the interest in the sale of the mansion."
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