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 ...
So, how are we supposed to get the latest on Angelie and Brad anymore?
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...’)”
The National Enquirer can always borrow money from Elvis.
Seriously, however, I saw this coming
AOL scoops their headlines!
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