April 8, 2002 Cybersmut and Debt Undermine Penthouse By DAVID CARR ob Guccione, the publisher of Penthouse, fought for decades to introduce pornography to mainstream audiences. In succeeding, he may have built a gallows for his once hugely successful magazine. Pornographic images of every bent are now just a click away on the Web, often at no charge, and Penthouse, which once sold almost five million copies a month, now has a circulation of 650,000. The auditors of Mr. Guccione's debt-ridden company, General Media, the parent of Penthouse and affiliated enterprises, stated in its annual report that the company would...