August 13, 2012 |
Avenue Capital, a New York hedge fund whose holdings include the parent company of the National Enquirer, is now the leading bidder for Variety. A late entrant in the sales process being run by Variety corporate parent Reed Elsevier, Avenue had bid more than $40 million, according to a person close to the process who was not authorized to speak publicly. Avenue invests primarily in "distressed and undervalued assets," according to its website, and has $12 billion worth of holdings.
November 2, 2004 |
American Media Inc., home to the National Enquirer tabloid and glossy celebrity weekly Star, said Monday that it would team with "Rocky" actor Sylvester Stallone to launch a fitness-focused magazine. The monthly magazine will be called Sly, the Hollywood action star's nickname, and will be aimed at men ages 35 to 54, American Media said. It will join other magazines -- such as Oprah Winfrey's O, the Oprah Magazine and Martha Stewart Living -- that are named after their muses.
November 28, 2002 |
American Media Inc., owner of the National Enquirer and the Star, said Wednesday that it would buy fitness publisher Weider Publications for $350 million to expand into consumer magazines. Boca Raton, Fla.-based American Media, which has pursued Weider since September, would gain seven magazines, including Shape, Flex and Men's Fitness.
CALIFORNIA | LOCAL
August 12, 2005 |
Days after Arnold Schwarzenegger jumped into the race for governor and girded for questions about his past, a tabloid publisher wooing him for a business deal promised to pay a woman $20,000 to sign a confidentiality agreement about an alleged affair with the candidate. American Media Inc., which publishes the National Enquirer, signed a friend of the woman to a similar contract about the alleged relationship for $1,000. American Media's contract with Gigi Goyette of Malibu is dated Aug.
February 17, 1999 |
The struggling parent of two of the nation's best-known tabloids, the National Enquirer and the Star, is being acquired by a New York investment firm for $300 million. American Media Inc., the Lantana, Fla.-based publishing empire that has suffered from slipping newsstand sales, is being purchased by Evercore Partners, which is also assuming $470 million in debt under the deal announced Tuesday.
CALIFORNIA | LOCAL
February 21, 1993 |
A recent report by the Orange County Human Relations Commission shows 188 hate-related incidents and crimes documented in 1992. The overwhelming majority of victims, 61, were African-Americans. The number of incidents against the group is startling when you consider that the 1990 census reports that African-Americans make up only 2% of the county's population. All hate crimes are senseless, therefore there are no reasonable explanations as to why they occur.
CALIFORNIA | LOCAL
July 14, 2005 |
Two days before he was sworn into office, Gov. Arnold Schwarzenegger accepted a consulting job paying an estimated $8 million over five years to "further the business objectives" of a national publisher of health and bodybuilding magazines. The contract pays Schwarzenegger 1% of the magazines' advertising revenue, much of which comes from makers of nutritional supplements. Last year, the governor vetoed legislation that would have imposed government regulations on the supplement industry.
August 13, 2005 |
The continuing scandal over Gov. Arnold Schwarzenegger's unconventionally intimate relationship with tabloid publisher American Media Inc. is rife with unsavory personal and political implications. But it's also an absolutely crystalline example of the evils inherent in pay-to-play journalism.