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National Enquirer Publisher Files for Bankruptcy
ABC News ^ | 17 November 2010 | Jonathan Stempel

Posted on 11/17/2010 9:53:44 PM PST by NautiNurse

American Media Inc. filed on Wednesday for Chapter 11 bankruptcy protection

American Media Inc, publisher of the National Enquirer and Star supermarket tabloids, as well as body-toning magazines such as Men's Fitness, filed on Wednesday for Chapter 11 bankruptcy protection.

Chief Executive David Pecker in a statement said staffing and publication schedules will be unaffected by the bankruptcy and American Media expects to be a "stronger and healthier company" after emerging from bankruptcy.

(Excerpt) Read more at abcnews.go.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: americanmedia; enquirer; nationalenquirer
Another Dinosaur Media Death Watch. The infamous tabloid that broke the John Edwards affair is broke.

Per WSJ, the publisher listed debts of between $500 million and $1 billion. The parent company listed assets of less than $50,000, but its operations subsidiary pegged its assets at between $100 million and $500 million.

1 posted on 11/17/2010 9:53:50 PM PST by NautiNurse
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To: NautiNurse

Damn! any media outlet that would give us the straight dope on a man then presumed divine and untouchable by the Great and Good has a soft spot in my heart.


2 posted on 11/17/2010 9:56:14 PM PST by sinanju
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To: sinanju

People are starting to wake up.
Nobody gives a damn about what Lady gag ga or oprah thinks!


3 posted on 11/17/2010 9:58:47 PM PST by Wooly
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To: NautiNurse

Can we start a Dead Pool for the Old York Times?

Pray for America


4 posted on 11/17/2010 9:59:49 PM PST by bray (A November to Remember)
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To: NautiNurse

I may be the only one here on FR that will be sad to see printed magazines go. I love to read them in bed before going to sleep and at the doctors office. And who wants to take a laptop to read into the john with them?


5 posted on 11/17/2010 10:03:24 PM PST by Inyo-Mono (Had God not driven man from the Garden of Eden the Sierra Club surely would have.)
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To: NautiNurse

Announced by David Pecker-head of American Media...


6 posted on 11/17/2010 10:07:40 PM PST by bigbob
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To: NautiNurse

They beat up the wrong party.

If they had scooped the bathroom sex scandal on Republican Senator Larry Craig, they would have qualified for a federal bailout.


7 posted on 11/17/2010 10:16:44 PM PST by zeestephen
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To: Inyo-Mono

There are far better magazines to read than rags such as Time, Newsweek, People, National Enquirer, etc.

Let them all go down in to the dump where they belong.


8 posted on 11/17/2010 10:21:17 PM PST by This Just In (In America, RINO's belong in zoo's, not public office)
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To: NautiNurse

That’s too bad. I guess I’ll look for something else to line bird cages with.


9 posted on 11/17/2010 10:24:18 PM PST by ari-freedom (Islam is at war against America, while America is at the mall.)
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To: NautiNurse

It hasn’t been the same since Ed Anger died any way.


10 posted on 11/17/2010 10:31:41 PM PST by rawcatslyentist (Jeremiah 50:31 Behold, I am against you, O you most proud, said the Lord God of hosts.)
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To: ari-freedom

“That’s too bad. I guess I’ll look for something else to line bird cages with.”

I hear ya. I’ll have to look elsewhere for fire starter.


11 posted on 11/17/2010 10:36:19 PM PST by This Just In (In America, RINO's belong in zoo's, not public office)
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To: bigbob

heh heh - Pecker - heh heh heh heh heh


12 posted on 11/17/2010 10:40:16 PM PST by Montanabound
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To: This Just In; Inyo-Mono

yes, the economist or National Geographic for two.


13 posted on 11/17/2010 11:07:54 PM PST by Cronos (This Church is Holy,theOne Church,theTrue Church,theCatholic Church - St. Augustine)
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To: Cronos

I dumped NatGeo way back in the early eighties when they turned into shills for Al Gore and Global Warming.

Did I say “shills”? They practically gave old Al regular oral favors.


14 posted on 11/17/2010 11:49:26 PM PST by sinanju
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To: NautiNurse
Over the past couple years the Globe has been seriously out-scooping the Enquirer and Star:


15 posted on 11/17/2010 11:53:54 PM PST by Lancey Howard
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To: Lancey Howard

I wish the supermarkets would replace all this crap with more food.


16 posted on 11/18/2010 12:56:33 AM PST by ari-freedom (Islam is at war against America, while America is at the mall.)
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To: Lancey Howard

For what it’s worth I believe the National Enquirer is a notch over the
Chicago Tribune, LA Times, WaPo and MSNBC.


17 posted on 11/18/2010 1:55:44 AM PST by ChiMark
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To: Inyo-Mono
who wants to take a laptop to read into the john with them?

The niche that iPad filled.

18 posted on 11/18/2010 3:28:30 AM PST by NautiNurse (ObamaCare uses Bernie Madoff theory of economics)
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To: ari-freedom
I wish the supermarkets would replace all this crap with more food.

I suspect you live in one of Moochelle's food deserts. Other than dark chocolate coconut/pretzel M&Ms, what other gastronomic item is unobtainable in the grocery store?

19 posted on 11/18/2010 3:36:13 AM PST by NautiNurse (ObamaCare uses Bernie Madoff theory of economics)
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To: Cronos

World magazine, Range, Answers, Focus On The Family magazine, The Weekly Standard, The Wall Street Journal....


20 posted on 11/18/2010 11:00:44 AM PST by This Just In (In America, RINO's belong in zoo's, not public office)
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To: ChiMark
For what it’s worth I believe the National Enquirer is a notch over the Chicago Tribune, LA Times, WaPo and MSNBC.

Not worth much, IMO:

WILLOW PALIN PREGNANCY SHOCKER

21 posted on 11/18/2010 6:54:58 PM PST by CedarDave (Tagline being updated...)
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