[LA Observed[ With its television revenue down $2.8 million already this year, Playboy Enterprises plans to offer 20 hours of softcore gay male programming to Time Warner Cable subscribers.

The new service is expected to begin next month. According to a memo, Playboy will offer “professionally produced adult programs selected by Playboy, targeted to the male gay community, edited to a standard no more explicit” than softcore pornography. What that means in porn terms after the jump.

According to the memo, each program in the package “may depict erect genitalia, male-on-male fellatio and simulated or implied sexual intercourse.”

But, according to the memo, content “shall not depict actual anal penetration, licking or anal sexual play of any kind.”

Male ejaculation and forced bondage also will be off limits.