Open main menu

Wikipedia β

American Media, Inc., is a publisher of magazines, supermarket tabloids, and books based in New York City.

American Media, Inc.
Private
Industry Media
Founded 1936
Headquarters New York City[1]
Key people
David J. Pecker, CEO
Roger Altman
Products Newspapers
Magazines
Number of employees
3,160 (2006)
Website www.americanmediainc.com

Contents

HistoryEdit

The modern American Media came into being after Generoso Pope, Jr., longtime owner of the National Enquirer, died in 1988, and his tabloids came under new ownership. American tabloids began consolidating in 1990, when American Media bought Star from Rupert Murdoch. The purchase of Globe Communications (owner of the Globe and the National Examiner) followed nine years later.[citation needed] Roger Altman, through Evercore Partners, bought a controlling stake in American Media in 1999.[2]

American Media is not to be confused with American Media Distribution the international news coverage firm. American Media's former corporate headquarters in Boca Raton, Florida, figured prominently in news headlines in late 2001, after an anthrax attack was perpetrated on the company[3] and other media outlets.[4] Since then the corporate headquarters have moved to New York City at 1 Park Avenue in Manhattan, before moving to the Financial District to the former JP Morgan Chase headquarters at 4 New York Plaza. That building was severely damaged by Hurricane Sandy but reopened in February 2013. The CEO, David J. Pecker, travels between the Boca Raton and New York offices while managing the company.[citation needed]

AMI continued to expand after it bought Joe Weider's Weider Publications in 2002. Joe Weider continued to manage control of his magazines under AMI's Weider Publications subsidiary until his death in March 2013.[5][6]

American Media also owns Distribution Services, an in-store magazine merchandising company. In fall 2002, it launched the book-publishing imprint, AMI Books.[7]

In 2009, American Media was taken over by its bondholders to keep it out of bankruptcy.[citation needed]

In November 2010, American Media filed for Chapter 11 bankruptcy protection due to nearly $1 billion in debt, and assets of less than $50,000.[8] Its subsidiary, American Media Operations Inc., listed assets of $100 to $500 million and debt of over $1 billion.[9] It exited in December.

In May 2014, American Media announced a decision to shift the headquarters of the National Enquirer from Florida, where it had been located since 1971, back to New York City, where it originally began as The New York Enquirer in 1926.[10] In August 2014, American Media was acquired by Chatham Asset Management and Omega Charitable Partnership.[11]

In 2015, American Media sold Shape, Natural Health, and Fit Pregnancy to Meredith.[12]

In March 2017, American Media acquired US Weekly from Wenner Media for a reported $100 million.[13] Three months later, in June 2017, American Media also acquired Men's Journal from Wenner Media.[14]

In March 2018, Karen McDougal filed a lawsuit against American Media in Los Angeles Superior Court, aiming to invalidate the non-disclosure agreement preventing her from speaking about an alleged affair with Donald Trump.[15][16] On April 19, 2018, American Media settled with McDougal; the settlement allows her to speak about the alleged affair.[17]

In June 2018, American Media acquired 13 brands from Bauer Media Group including In Touch Weekly, Life & Style (magazine) and Closer (magazine) to add to their celebrity portfolio. They also acquired Bauer Media's kids group including J-14 (magazine) and Girl's World. [18]

PublicationsEdit

DivisionsEdit

  • Distribution Services, Inc.
  • AMI Books

ReferencesEdit

  1. ^ [1] Accessed June 30, 2017.
  2. ^ Smith, Ben (October 11, 2007). "The Clintonite who owns National Enquirer". The Politico newspaper. Arlington County, Virginia: Politico. Retrieved July 9, 2016. 
  3. ^ Canedy, Dana (August 27, 2002). "Traces of Terror: The Bioterror; F.B.I to Re-enter Building Long After Anthrax Shut It". The New York Times. Retrieved March 29, 2018. 
  4. ^ "Timeline: How the Anthrax Terror Unfolded". NPR. February 15, 2011. Retrieved March 29, 2018. 
  5. ^ "Joe Weider Legendary Bodybuilding and Fitness Icon Dies at 93". MarketWatch. Retrieved March 24, 2013. 
  6. ^ Trounson, Rebecca. "Joe Weider dies at 93; bodybuilding pioneer and publisher". latimes.com. Retrieved March 24, 2013. 
  7. ^ Milliot, Jim (August 4, 2003). "American Media to Expand Book Program". Publishers Weekly. United States: PWxyz LLC. 250 (31). Archived from the original on March 1, 2012. Retrieved July 9, 2016. 
  8. ^ "American Media Chapter 11 Voluntary Petition" (PDF). Pacer. San Antonio: Federal judiciary of the United States. November 17, 2010. Retrieved May 16, 2016. 
  9. ^ Jeffrey, Don; Milford, Phil (November 17, 2010). "'National Enquirer' Publisher Files for Chapter 11". Bloomberg Businessweek. New York City: Bloomberg L.P. Retrieved July 9, 2016. 
  10. ^ The Associated Press (May 21, 2014). "National Enquirer leaving Florida headquarters". The Record. Woodland Park, New Jersey: North Jersey Media Group. Retrieved July 9, 2016. 
  11. ^ Chatham Asset Management and Omega Charitable Partnership to Acquire American Media, Inc.
  12. ^ Mickey, Bill (January 28, 2015). "Meredith Buys Shape From AMI for $60 Million". foliomag.com. Washington, D.C. 
  13. ^ Ember, Sydney (March 15, 2017). "Us Weekly Is Sold to National Enquirer Publisher". The New York Times. New York City. Retrieved March 15, 2017. 
  14. ^ "American Media Buys Wenner's 'Men's Journal' To Attract Premium Advertisers". www.mediapost.com. Retrieved 2017-06-26. 
  15. ^ "Karen McDougal v. American Media, Inc" (PDF). 
  16. ^ Rutenberg, Jim (2018-03-20). "Former Playboy Model Karen McDougal Sues to Break Silence on Trump". The New York Times. ISSN 0362-4331. Retrieved 2018-03-20. 
  17. ^ Rutenberg, Jim (2018-04-18). "Ex-Playboy Model, Freed From Contract, Can Discuss Alleged Trump Affair". The New York Times. ISSN 0362-4331. Retrieved 2018-04-19. 
  18. ^ "American Media, Inc. Acquires Celebrity And Kids Group Titles From Bauer Media USA". CBS8. 2018-06-15. Retrieved 2018-06-25. 

External linksEdit