American Media Inc., announced its fiscal 2008 revenues were $491 million, up about 4 percent over 2007. The publisher attributes its year-end revenue increase to ad revenue gains at Shape, Star and Men’s Fitness magazines, which all increased from 10-21 percent. Folio (June 30, 2008)
He is former Vertis Communications CEO Dean Durbin. His full title at American Media Inc. will be Executive Vice President and Chief Financial Officer minOnline (Jan. 30, 2008)
Writing in The Circulator, the online newsletter of Circulation Management magazine, Kristina Joukhadar picks up the New York Post story about the reported purchase agreement and provides a few background details. Among them: the price David Pecker and Evercore Partners paid for American Media in 1999 ($850 million) and the price AMI paid for Weider Publications in 2003 [...]
Source Interlink has agreed to purchase American Media Inc. for approximately $1.2 billion, according to New York Post media columnist Keith Kelly. The New York Post (Nov. 14, 2007)
Ron Burkle, founder of Yucaipa Companies, which has controlling ownership of Source Interlink Companies, is said to be meeting David Packer of American Media Inc. WWD.com says Burkle is interested in AMI mainly for its DSI distribution business, and that he is likley to reshuffle managers among the AMI and Primedia magazines, after an [...]