Why Playboy Isn't for Men Anymore.
(youtu.be)
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It hasn't been since Hugh. His daughter pretty much ran it into the ground with stupid ideas. First they went no nudity because they wanted to be like Maxim(not sure if Maxim is even a thing anymore either). After that killed their subscriptions they brought back nudity.
Then they had a fatty on the cover, then they doubled down and had a tranny on the cover.
That's not to say that Hugh ran it amazingly. He was basically a pauper and all they had was the mansion. But he at least managed to maintain subscribers.
The mansion was far more important for blackmailing related activities. Hugh made the mistake of not appointing a heir and making it a family affair. Alas.