Playboy Enterprises (NYSE: PLA) announced Q4 revenue of $85.9 million, down slightly from $86.2 million in the equivalent quarter. The company booked a $1.1 million ($.03 per share) net loss, compared to income of $3.7 million ($.11 per share). This quarter included one-time charges associated with an asset sale. Some highlights:

-- Entertainment: Division revenue was down slightly to $50.7 million from $52.1 million, as a decline in domestic TV revenue was not offset by online/mobile revenue, which remained roughly flat at $17.7 million. However, within the digital revenues, the company reported increased advertising and e-commerce revenue, but lower subscription revenues.

-- Publishing: Again, revenue was down slightly, to $24.7 million from $25.2 million. A decline in print ad sales was offset by higher digital advertising revenues. In fact, total advertising was up 4 percent in the quarter.

Release | Webcast (11:00 AM ET)

Conference call: Playboy’s digital efforts continue to transition from one focused on e-commerce to content. As such, the company plans to outsource its e-commerce business to a third party, which, it predicts, will result in lowered revenue, but higher margins in 2008. In the meantime, the company is planning a redesign of its site as well as fresh investments int digital content, though it’s not going far into detail at this point.