It's obvious that the world is undergoing major changes when Hugh Hefner finally agrees to sell his million-dollar empire.  The 83-year-old media mogul and star of E!'s The Girls Next Door found his company suffering from financial damages and has decided to take measures against it.

The choice to put Playboy on the market was due to the losses experienced by the publication, particularly during the first quarter of 2009.  It's been reported that Hefner's corporation got around $13 million in losses during the time.  Playboy shares have only managed to hover, even as low $1.15.