Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

National Enquirer Publisher Near Bankruptcy
newsmax.com ^ | December 10, 2008 | Newsmax Staff

Posted on 12/10/2008 2:22:50 PM PST by Free ThinkerNY

American Media Inc. — publisher of the National Enquirer and Star magazine — is near bankruptcy after missing a Dec. 1 deadline to make a $21 million interest payment on its $1.1 billion debt.

The company has retained bankruptcy lawyers, sources told the New York Post’s “Media Ink” columnist Keith Kelly.

But a bankruptcy filing may be avoided if bondholders agree to take a large stake in the company in return for reducing its debt load.

(Excerpt) Read more at newsmax.com ...


TOPICS: News/Current Events
KEYWORDS: nationalenquirer; newspapers; tabloid

1 posted on 12/10/2008 2:22:50 PM PST by Free ThinkerNY
[ Post Reply | Private Reply | View Replies]

To: Free ThinkerNY

More Dinosaur Media Going Down!!!


2 posted on 12/10/2008 2:25:16 PM PST by trumandogz (The Democrats are driving us to Socialism at I00 MPH -The GOP is driving us to Socialism at 97.5 MPH)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free ThinkerNY

Too bad. They seem to be the only rag doing any actual investigative reporting.


3 posted on 12/10/2008 2:26:21 PM PST by Poser (Willing to fight for oil)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free ThinkerNY

Heck, NI was the only rag that still had some factual content....


4 posted on 12/10/2008 2:27:22 PM PST by ScreamingFist (Annihilation - The result of underestimating your enemies. NRA)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ScreamingFist

NE even


5 posted on 12/10/2008 2:27:49 PM PST by ScreamingFist (Annihilation - The result of underestimating your enemies. NRA)
[ Post Reply | Private Reply | To 4 | View Replies]

To: ScreamingFist

ROFL< goodbye to Sensational Hype and no telling what we’ll get next.


6 posted on 12/10/2008 2:28:39 PM PST by Kackikat (.It's NOT over until it's over and it's NOT over yet....The Trumpet will sound....)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Free ThinkerNY

Weren’t they taken private by Clintonite Roger Altman? And isn’t it odd that all these media firms just managed to hold on til past the election?


7 posted on 12/10/2008 2:28:45 PM PST by NativeNewYorker (Freepin' Jew Boy)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free ThinkerNY

In all seriousness - wouldn’t their target demographic probably even have less disposable income these days? Makes sense...


8 posted on 12/10/2008 2:30:02 PM PST by Scarchin (Withholding judgement)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free ThinkerNY
The NE at least had some honest investigative journalism compared to the msm.
9 posted on 12/10/2008 2:30:22 PM PST by Parley Baer
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free ThinkerNY

Heavens no!...what to do at the checkout line...any options?


10 posted on 12/10/2008 2:34:36 PM PST by eleni121 (EN TOUTO NIKA!! + In this sign Conquer! +)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free ThinkerNY

They can get Carol Burnett to sing, “I’m so glad we had this time together”.


11 posted on 12/10/2008 2:37:01 PM PST by Mark was here (The earth is bipolar.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NativeNewYorker
Weren’t they taken private by Clintonite Roger Altman? And isn’t it odd that all these media firms just managed to hold on til past the election?

Yes, and at lot of the timing of things seems rather odd. Sometimes it almost looks like the sheeple are being herded by the MSM and their controllers.

12 posted on 12/10/2008 2:38:51 PM PST by xJones
[ Post Reply | Private Reply | To 7 | View Replies]

To: NativeNewYorker

And it was the National Enquirer that took out John Edwards, another Dem presidential candidate, with their expose of his mistress and baby. Not that I liked Edwards, of course...


13 posted on 12/10/2008 2:40:59 PM PST by xJones
[ Post Reply | Private Reply | To 7 | View Replies]

To: Free ThinkerNY

Friends of billandhill going bankrupt.

Hmmnn. Just a reoorganization so as not to pay their bills?


14 posted on 12/10/2008 2:43:28 PM PST by Carley (Prayers for Sgt. Eddie Ryan)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kackikat

***ROFL< goodbye to Sensational Hype and no telling what we’ll get next.***

Remember the good old days of the 1950’s when Nat’l Enquirer published stories about blood and guts! “I CUT OUT HER HEART AND ATE IT!” Sensational murders with blood dripping contents! Photos of people run over by trains hacked to death, burned to death, photos of whole families muirdered by hichhikers, ect.

And who can forget the STAR magazine when the headline, in three inch high letters, was JEAN DIXON SAYS NIXON WILL NOT RESIGN! It hit the news stands on the very day Nixon resigned.


15 posted on 12/10/2008 2:43:43 PM PST by Ruy Dias de Bivar (NEVER FORGET TREASON!)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Parley Baer

The NE has gone into the Hollywood star junk of late. Not as many good stories of Monsters, ghosts and UFOs anymore. I don’t need to see any more pictures of overage stars in Bikinis. More investigations might save the NE. We will need them in Obama’s America.


16 posted on 12/10/2008 2:43:52 PM PST by Forward the Light Brigade (Into the Jaws of H*ll)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Ruy Dias de Bivar

Hilarious! That paper has published more fake affairs than Hugh Hefner..ROFLMTO


17 posted on 12/10/2008 2:47:52 PM PST by Kackikat (.It's NOT over until it's over and it's NOT over yet....The Trumpet will sound....)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Kackikat

Wahoo!


18 posted on 12/10/2008 2:50:12 PM PST by Rodm (Seest thou a ,,diligent in his business? He shall stand before kings)
[ Post Reply | Private Reply | To 17 | View Replies]

To: NativeNewYorker
Weren’t they taken private by Clintonite Roger Altman?

Yes, they broke too many stories about clinton, so he had Altman take over ALL of the tabloids. So I imagine their whole empire must be in trouble.

I presume that hillary OK'd the story about Edwards' mistress, to get him out of the way.

19 posted on 12/10/2008 3:06:47 PM PST by Cicero (Marcus Tullius)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Free ThinkerNY

No! Say it ain’t so! One of my first memories of the NE was in a drugstore and it showed something like a kid on a bike crushed under a car or truck. Nice big B&W photo on the front page.


20 posted on 12/10/2008 3:24:44 PM PST by Right Wing Assault ("..this administration is planning a 'Right Wing Assault' on values and ideals.." - John Kerry)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free ThinkerNY

So, how are we supposed to get the latest on Angelie and Brad anymore?


21 posted on 12/10/2008 6:32:43 PM PST by yazoo
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free ThinkerNY

I think I would actually miss the National Enquirer; they’ve even occasionally gotten something right once in a while (Edwards.)
The UFO stuff was always good for a smile. Sorta reminds me of “Bagdad Bob.”
“Do not doubt that I am totally serious here (’Hey, a guy’s got to make a living somehow...’)”


22 posted on 12/10/2008 8:24:30 PM PST by richlk
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free ThinkerNY
No worries.

The National Enquirer can always borrow money from Elvis.

Seriously, however, I saw this coming

AOL scoops their headlines!

.

23 posted on 12/11/2008 9:17:50 AM PST by Seaplaner (Never give in. Never give in. Never...except to convictions of honour and good sense. W. Churchill)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson